REI Lense

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$3,128 (target)

541 Morningside Rd, Venice, FL 34293

3 beds • 2 baths • 1856 sqft

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This property might be a fair Long-Term investment with a projected 5.97% first-year return on $71,904 initial cash invested.

5.97%

Cash On Cash

7.73%

Cap Rate

1.3

DSCR

$3,128

Rent

$358

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,128 income − $2,770 expenses = $358 cash flow

Income$3,128Mortgage P&I$1,69354%Property Taxes$1384%Insurance$1264%Management$31310%CapEx$1565%Vacancy$1886%Maintenance$1565%Cash Flow$358

Investment Breakdown

|

Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,904

Downpayment

20%

$68,480

Closing costs

1%

$3,424

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,128

Total Expenses

$2,770

Mortgage P&I

54%

$1,693

Property Taxes

4%

$138

Home Insurance

4%

$126

HOA

0%

$0

Property Management

10%

$313

CapEx

5%

$156

Vacancy

6%

$188

Maintenance

5%

$156

Other

0%

$0

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