REI Lense

REI Lense

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$4,387 (target)

423 Maritime Ct, Destin, FL 32541

3 beds • 3 baths • 2605 sqft

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This property looks like a bad Long-Term investment with a projected -12.53% first-year return on $196k initial cash invested.

-12.53%

Cash On Cash

3.56%

Cap Rate

0.6

DSCR

$4,387

Rent

-$2,049

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,387 income − $6,436 expenses = $2,049 out of pocket

Income$4,387Out of Pocket$2,049Mortgage P&I$4,603105%Property Taxes$3528%Insurance$3418%Management$43910%CapEx$2195%Vacancy$2636%Maintenance$2195%

Investment Breakdown

|

Purchase Price

$934k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$196k

Downpayment

20%

$187k

Closing costs

1%

$9,341

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,387

Total Expenses

$6,436

Mortgage P&I

105%

$4,603

Property Taxes

8%

$352

Home Insurance

8%

$341

HOA

0%

$0

Property Management

10%

$439

CapEx

5%

$219

Vacancy

6%

$263

Maintenance

5%

$219

Other

0%

$0

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