REI Lense

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$1,984 (target)

4629 PALMETTO DRIVE, Winter Haven, FL 33881

3 beds • 2 baths • 1558 sqft

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This property looks like a bad Long-Term investment with a projected -12.62% first-year return on $66,108 initial cash invested.

-12.62%

Cash On Cash

4.06%

Cap Rate

0.64

DSCR

$1,984

Rent

-$695

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,984 income − $2,679 expenses = $695 out of pocket

Income$1,984Out of Pocket$695Mortgage P&I$1,66284%Property Taxes$39020%Insurance$1126%Management$19810%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,108

Downpayment

20%

$62,960

Closing costs

1%

$3,148

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,984

Total Expenses

$2,679

Mortgage P&I

84%

$1,662

Property Taxes

20%

$390

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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