REI Lense

REI Lense

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$2,026 (target)

382 Hatcher St SE, Palm Bay, FL 32909

3 beds • 2 baths • 1858 sqft

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This property looks like a bad Long-Term investment with a projected -7.22% first-year return on $67,641 initial cash invested.

-7.22%

Cash On Cash

5.19%

Cap Rate

0.82

DSCR

$2,026

Rent

-$407

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,026 income − $2,433 expenses = $407 out of pocket

Income$2,026Out of Pocket$407Mortgage P&I$1,70084%Property Taxes$904%Insurance$1166%Management$20310%CapEx$1015%Vacancy$1226%Maintenance$1015%

Investment Breakdown

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Purchase Price

$322k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,641

Downpayment

20%

$64,420

Closing costs

1%

$3,221

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,026

Total Expenses

$2,433

Mortgage P&I

84%

$1,700

Property Taxes

4%

$90

Home Insurance

6%

$116

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$101

Vacancy

6%

$122

Maintenance

5%

$101

Other

0%

$0

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