REI Lense

REI Lense

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$1,697 (target)

3599 Clear Creek Dr, Tallahassee, FL 32301

3 beds • 2 baths • 1381 sqft

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This property looks like a bad Long-Term investment with a projected -12.13% first-year return on $51,933 initial cash invested.

-12.13%

Cash On Cash

4.43%

Cap Rate

0.67

DSCR

$1,697

Rent

-$525

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,697 income − $2,222 expenses = $525 out of pocket

Income$1,697Out of Pocket$525Mortgage P&I$1,35380%Property Taxes$32619%Insurance$885%HOA$131%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

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Purchase Price

$247k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,933

Downpayment

20%

$49,460

Closing costs

1%

$2,473

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,697

Total Expenses

$2,222

Mortgage P&I

80%

$1,353

Property Taxes

19%

$326

Home Insurance

5%

$88

HOA

1%

$13

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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