REI Lense

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$2,592 (target)

507 Tennessee Ave, Lynn Haven, FL 32444

3 beds • 2 baths • 1120 sqft

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This property might be a fair Mid-Term investment with a projected 4.59% first-year return on $68,001 initial cash invested.

4.59%

Cash On Cash

7.74%

Cap Rate

1.31

DSCR

$2,592

Rent

$260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,592 income − $2,332 expenses = $260 cash flow

Income$2,592Mortgage P&I$1,17145%Property Taxes$1867%Insurance$934%Management$31112%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28511%Cash Flow$260

Investment Breakdown

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Purchase Price

$238k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,001

Downpayment

20%

$47,620

Closing costs

1%

$2,381

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,592

Total Expenses

$2,332

Mortgage P&I

45%

$1,171

Property Taxes

7%

$186

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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