REI Lense

REI Lense

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$4,252 (target)

3785 NE 2nd Street, Homestead, FL 33033

3 beds • 3 baths • 1616 sqft

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This property looks like a bad Mid-Term investment with a projected -0.63% first-year return on $103k initial cash invested.

-0.63%

Cash On Cash

6.24%

Cap Rate

1.06

DSCR

$4,252

Rent

-$54

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,252 income − $4,306 expenses = $54 out of pocket

Income$4,252Out of Pocket$54Mortgage P&I$2,00047%Property Taxes$47111%Insurance$1433%HOA$2466%Management$51012%CapEx$1704%Vacancy$1283%Maintenance$1704%Other$46811%

Investment Breakdown

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Purchase Price

$407k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,420

Closing costs

1%

$4,071

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,252

Total Expenses

$4,306

Mortgage P&I

47%

$2,000

Property Taxes

11%

$471

Home Insurance

3%

$143

HOA

6%

$246

Property Management

12%

$510

CapEx

4%

$170

Vacancy

3%

$128

Maintenance

4%

$170

Other

11%

$468

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