REI Lense

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$2,835 (target)

3785 NE 2nd Street, Homestead, FL 33033

3 beds • 3 baths • 1616 sqft

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This property looks like a bad Long-Term investment with a projected -10.71% first-year return on $85,491 initial cash invested.

-10.71%

Cash On Cash

4.06%

Cap Rate

0.69

DSCR

$2,835

Rent

-$763

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,835 income − $3,598 expenses = $763 out of pocket

Income$2,835Out of Pocket$763Mortgage P&I$2,00071%Property Taxes$47117%Insurance$1435%HOA$2469%Management$28410%CapEx$1425%Vacancy$1706%Maintenance$1425%

Investment Breakdown

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Purchase Price

$407k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,491

Downpayment

20%

$81,420

Closing costs

1%

$4,071

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,835

Total Expenses

$3,598

Mortgage P&I

71%

$2,000

Property Taxes

17%

$471

Home Insurance

5%

$143

HOA

9%

$246

Property Management

10%

$284

CapEx

5%

$142

Vacancy

6%

$170

Maintenance

5%

$142

Other

0%

$0

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