REI Lense

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$3,120 (target)

5516 E HARBOR DRIVE, Fruitland Park, FL 34731

3 beds • 3 baths • 2235 sqft

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This property looks like a bad Long-Term investment with a projected -8.75% first-year return on $121k initial cash invested.

-8.75%

Cash On Cash

4.56%

Cap Rate

0.75

DSCR

$3,120

Rent

-$882

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,120 income − $4,002 expenses = $882 out of pocket

Income$3,120Out of Pocket$882Mortgage P&I$2,91693%Property Taxes$652%Insurance$2107%Management$31210%CapEx$1565%Vacancy$1876%Maintenance$1565%

Investment Breakdown

|

Purchase Price

$576k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$115k

Closing costs

1%

$5,757

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,120

Total Expenses

$4,002

Mortgage P&I

93%

$2,916

Property Taxes

2%

$65

Home Insurance

7%

$210

HOA

0%

$0

Property Management

10%

$312

CapEx

5%

$156

Vacancy

6%

$187

Maintenance

5%

$156

Other

0%

$0

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