REI Lense

REI Lense

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$2,655 (target)

4855 Erin Ln, Melbourne, FL 32940

3 beds • 2 baths • 1771 sqft

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This property looks like a bad Long-Term investment with a projected -7.7% first-year return on $76,713 initial cash invested.

-7.7%

Cash On Cash

4.95%

Cap Rate

0.81

DSCR

$2,655

Rent

-$492

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,655 income − $3,147 expenses = $492 out of pocket

Income$2,655Out of Pocket$492Mortgage P&I$1,86670%Property Taxes$44117%Insurance$1335%HOA$161%Management$26610%CapEx$1335%Vacancy$1596%Maintenance$1335%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,713

Downpayment

20%

$73,060

Closing costs

1%

$3,653

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,655

Total Expenses

$3,147

Mortgage P&I

70%

$1,866

Property Taxes

17%

$441

Home Insurance

5%

$133

HOA

1%

$16

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$159

Maintenance

5%

$133

Other

0%

$0

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