REI Lense

REI Lense

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$2,281 (target)

517 LINDA LANE, Melbourne, FL 32935

3 beds • 2 baths • 1436 sqft

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This property looks like a bad Long-Term investment with a projected -10.24% first-year return on $80,367 initial cash invested.

-10.24%

Cash On Cash

4.31%

Cap Rate

0.71

DSCR

$2,281

Rent

-$686

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,281 income − $2,967 expenses = $686 out of pocket

Income$2,281Out of Pocket$686Mortgage P&I$1,94685%Property Taxes$28813%Insurance$1406%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,367

Downpayment

20%

$76,540

Closing costs

1%

$3,827

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,281

Total Expenses

$2,967

Mortgage P&I

85%

$1,946

Property Taxes

13%

$288

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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