REI Lense

REI Lense

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$2,293 (target)

404 Pine Rd, Ormond Beach, FL 32176

3 beds • 2 baths • 1436 sqft

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This property looks like a bad Long-Term investment with a projected -10.37% first-year return on $93,387 initial cash invested.

-10.37%

Cash On Cash

4.26%

Cap Rate

0.7

DSCR

$2,293

Rent

-$807

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,293 income − $3,100 expenses = $807 out of pocket

Income$2,293Out of Pocket$807Mortgage P&I$2,27099%Property Taxes$703%Insurance$1637%Management$22910%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

|

Purchase Price

$445k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,387

Downpayment

20%

$88,940

Closing costs

1%

$4,447

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,293

Total Expenses

$3,100

Mortgage P&I

99%

$2,270

Property Taxes

3%

$70

Home Insurance

7%

$163

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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