REI Lense

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$2,420 (target)

5605 78th Ave E, Palmetto, FL 34221

3 beds • 2 baths • 1415 sqft

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This property looks like a bad Long-Term investment with a projected -10.24% first-year return on $87,381 initial cash invested.

-10.24%

Cash On Cash

4.13%

Cap Rate

0.7

DSCR

$2,420

Rent

-$746

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,420 income − $3,166 expenses = $746 out of pocket

Income$2,420Out of Pocket$746Mortgage P&I$2,05785%Property Taxes$32013%Insurance$1486%HOA$12Management$24210%CapEx$1215%Vacancy$1456%Maintenance$1215%

Investment Breakdown

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Purchase Price

$416k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,381

Downpayment

20%

$83,220

Closing costs

1%

$4,161

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,420

Total Expenses

$3,166

Mortgage P&I

85%

$2,057

Property Taxes

13%

$320

Home Insurance

6%

$148

HOA

1%

$12

Property Management

10%

$242

CapEx

5%

$121

Vacancy

6%

$145

Maintenance

5%

$121

Other

0%

$0

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