REI Lense

REI Lense

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$3,571 (target)

5513 Palmetto Dr, Fort Pierce, FL 34982

3 beds • 2 baths • 2806 sqft

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This property looks like a bad Long-Term investment with a projected -10.75% first-year return on $120k initial cash invested.

-10.75%

Cash On Cash

4.07%

Cap Rate

0.68

DSCR

$3,571

Rent

-$1,071

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,571 income − $4,642 expenses = $1,071 out of pocket

Income$3,571Out of Pocket$1,071Mortgage P&I$2,82579%Property Taxes$68919%Insurance$1996%Management$35710%CapEx$1795%Vacancy$2146%Maintenance$1795%

Investment Breakdown

|

Purchase Price

$570k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$114k

Closing costs

1%

$5,695

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,571

Total Expenses

$4,642

Mortgage P&I

79%

$2,825

Property Taxes

19%

$689

Home Insurance

6%

$199

HOA

0%

$0

Property Management

10%

$357

CapEx

5%

$179

Vacancy

6%

$214

Maintenance

5%

$179

Other

0%

$0

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