REI Lense

REI Lense

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$2,285 (target)

418 Poinciana Dr, Melbourne, FL 32935

3 beds • 2 baths • 1551 sqft

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This property might be a fair Long-Term investment with a projected 2.49% first-year return on $47,250 initial cash invested.

2.49%

Cash On Cash

7.83%

Cap Rate

1.17

DSCR

$2,285

Rent

$98

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,285 income − $2,187 expenses = $98 cash flow

Income$2,285Mortgage P&I$1,25655%Property Taxes$25911%Insurance$793%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%Cash Flow$98

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,285

Total Expenses

$2,187

Mortgage P&I

55%

$1,256

Property Taxes

11%

$259

Home Insurance

3%

$79

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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