REI Lense

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$2,019 (target)

450 E Pomelo St, Lake Alfred, FL 33850

3 beds • 2 baths • 1849 sqft

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This property looks like a bad Long-Term investment with a projected -2.23% first-year return on $62,013 initial cash invested.

-2.23%

Cash On Cash

5.79%

Cap Rate

0.99

DSCR

$2,019

Rent

-$115

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,019 income − $2,134 expenses = $115 out of pocket

Income$2,019Out of Pocket$115Mortgage P&I$1,44071%Property Taxes$643%Insurance$1055%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,013

Downpayment

20%

$59,060

Closing costs

1%

$2,953

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,019

Total Expenses

$2,134

Mortgage P&I

71%

$1,440

Property Taxes

3%

$64

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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