REI Lense

REI Lense

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$6,580 (target)

423 Maritime Ct, Destin, FL 32541

3 beds • 3 baths • 2605 sqft

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This property looks like a bad Mid-Term investment with a projected -5.34% first-year return on $214k initial cash invested.

-5.34%

Cash On Cash

5.03%

Cap Rate

0.85

DSCR

$6,580

Rent

-$953

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,580 income − $7,533 expenses = $953 out of pocket

Income$6,580Out of Pocket$953Mortgage P&I$4,60370%Property Taxes$3525%Insurance$3415%Management$79012%CapEx$2634%Vacancy$1973%Maintenance$2634%Other$72411%

Investment Breakdown

|

Purchase Price

$934k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$214k

Downpayment

20%

$187k

Closing costs

1%

$9,341

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,580

Total Expenses

$7,533

Mortgage P&I

70%

$4,603

Property Taxes

5%

$352

Home Insurance

5%

$341

HOA

0%

$0

Property Management

12%

$790

CapEx

4%

$263

Vacancy

3%

$197

Maintenance

4%

$263

Other

11%

$724

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