REI Lense

REI Lense

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$4,330 (target)

3788 NE 11th St, Homestead, FL 33033

3 beds • 2 baths • 1450 sqft

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This property looks like a bad Mid-Term investment with a projected -6.6% first-year return on $123k initial cash invested.

-6.6%

Cash On Cash

4.71%

Cap Rate

0.8

DSCR

$4,330

Rent

-$674

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$498k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,640

Closing costs

1%

$4,982

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,330

Total Expenses

$5,004

Mortgage P&I

57%

$2,455

Property Taxes

17%

$750

Home Insurance

4%

$177

HOA

3%

$150

Property Management

12%

$520

CapEx

4%

$173

Vacancy

3%

$130

Maintenance

4%

$173

Other

11%

$476

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