REI Lense

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$4,328 (target)

502 CANNA DRIVE, Davenport, FL 33897

3 beds • 2 baths • 2835 sqft

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This property looks like a bad Mid-Term investment with a projected -6.31% first-year return on $137k initial cash invested.

-6.31%

Cash On Cash

4.87%

Cap Rate

0.81

DSCR

$4,328

Rent

-$720

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,328 income − $5,048 expenses = $720 out of pocket

Income$4,328Out of Pocket$720Mortgage P&I$2,84666%Property Taxes$47511%Insurance$2065%HOA$501%Management$51912%CapEx$1734%Vacancy$1303%Maintenance$1734%Other$47611%

Investment Breakdown

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Purchase Price

$567k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$113k

Closing costs

1%

$5,666

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,328

Total Expenses

$5,048

Mortgage P&I

66%

$2,846

Property Taxes

11%

$475

Home Insurance

5%

$206

HOA

1%

$50

Property Management

12%

$519

CapEx

4%

$173

Vacancy

3%

$130

Maintenance

4%

$173

Other

11%

$476

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