REI Lense

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$1,888 (target)

3623 Opal Dr, Mulberry, FL 33860

3 beds • 2 baths • 1459 sqft

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This property looks like a bad Long-Term investment with a projected -8.12% first-year return on $67,074 initial cash invested.

-8.12%

Cash On Cash

4.7%

Cap Rate

0.78

DSCR

$1,888

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,888 income − $2,342 expenses = $454 out of pocket

Income$1,888Out of Pocket$454Mortgage P&I$1,61085%Property Taxes$1287%Insurance$1146%Management$18910%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,074

Downpayment

20%

$63,880

Closing costs

1%

$3,194

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,888

Total Expenses

$2,342

Mortgage P&I

85%

$1,610

Property Taxes

7%

$128

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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