REI Lense

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$2,828 (target)

511 Kennedy Dr, Lake Alfred, FL 33850

3 beds • 2 baths • 1484 sqft

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This property might be a fair Mid-Term investment with a projected 3.57% first-year return on $70,500 initial cash invested.

3.57%

Cash On Cash

7.81%

Cap Rate

1.25

DSCR

$2,828

Rent

$210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,828 income − $2,618 expenses = $210 cash flow

Income$2,828Mortgage P&I$1,30546%Property Taxes$2358%Insurance$883%HOA$291%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%Cash Flow$210

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,828

Total Expenses

$2,618

Mortgage P&I

46%

$1,305

Property Taxes

8%

$235

Home Insurance

3%

$88

HOA

1%

$29

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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