REI Lense

REI Lense

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$2,033 (target)

400 S Ridgewood Ave, Ormond Beach, FL 32174

3 beds • 3 baths • 1056 sqft

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This property looks like a bad Long-Term investment with a projected -8.24% first-year return on $68,439 initial cash invested.

-8.24%

Cash On Cash

4.63%

Cap Rate

0.77

DSCR

$2,033

Rent

-$470

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,033 income − $2,503 expenses = $470 out of pocket

Income$2,033Out of Pocket$470Mortgage P&I$1,62580%Property Taxes$23011%Insurance$1196%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

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Purchase Price

$326k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,439

Downpayment

20%

$65,180

Closing costs

1%

$3,259

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,033

Total Expenses

$2,503

Mortgage P&I

80%

$1,625

Property Taxes

11%

$230

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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