REI Lense

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$6,290 (target)

376 E Royal Cove Circle, Davie, FL 33325

3 beds • 3 baths • 1815 sqft

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This property might be a fair Mid-Term investment with a projected 4.29% first-year return on $152k initial cash invested.

4.29%

Cash On Cash

7.4%

Cap Rate

1.25

DSCR

$6,290

Rent

$544

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,290 income − $5,746 expenses = $544 cash flow

Income$6,290Mortgage P&I$3,14850%Property Taxes$321%Insurance$2314%HOA$1953%Management$75512%CapEx$2524%Vacancy$1893%Maintenance$2524%Other$69211%Cash Flow$544

Investment Breakdown

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Purchase Price

$640k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$128k

Closing costs

1%

$6,395

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,290

Total Expenses

$5,746

Mortgage P&I

50%

$3,148

Property Taxes

1%

$32

Home Insurance

4%

$231

HOA

3%

$195

Property Management

12%

$755

CapEx

4%

$252

Vacancy

3%

$189

Maintenance

4%

$252

Other

11%

$692

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