REI Lense

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$1,891 (target)

413 SIERRA MIKE BOULEVARD, Lake Alfred, FL 33850

3 beds • 2 baths • 1591 sqft

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This property looks like a bad Long-Term investment with a projected -10.77% first-year return on $56,133 initial cash invested.

-10.77%

Cash On Cash

4.34%

Cap Rate

0.7

DSCR

$1,891

Rent

-$504

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,891 income − $2,395 expenses = $504 out of pocket

Income$1,891Out of Pocket$504Mortgage P&I$1,37673%Property Taxes$38020%Insurance$945%HOA$533%Management$18910%CapEx$955%Vacancy$1136%Maintenance$955%

Investment Breakdown

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Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,133

Downpayment

20%

$53,460

Closing costs

1%

$2,673

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,891

Total Expenses

$2,395

Mortgage P&I

73%

$1,376

Property Taxes

20%

$380

Home Insurance

5%

$94

HOA

3%

$53

Property Management

10%

$189

CapEx

5%

$95

Vacancy

6%

$113

Maintenance

5%

$95

Other

0%

$0

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