REI Lense

REI Lense

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$2,168 (target)

412 20th Ave W, Palmetto, FL 34221

3 beds • 2 baths • 1316 sqft

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This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $80,808 initial cash invested.

-10.5%

Cash On Cash

4.18%

Cap Rate

0.69

DSCR

$2,168

Rent

-$707

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,168 income − $2,875 expenses = $707 out of pocket

Income$2,168Out of Pocket$707Mortgage P&I$1,94089%Property Taxes$23711%Insurance$1356%Management$21710%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,808

Downpayment

20%

$76,960

Closing costs

1%

$3,848

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,168

Total Expenses

$2,875

Mortgage P&I

89%

$1,940

Property Taxes

11%

$237

Home Insurance

6%

$135

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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