REI Lense

REI Lense

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$2,746 (target)

585 Concert Dr, Lake Placid, FL 33852

3 beds • 2 baths • 1532 sqft

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This property might be a fair Mid-Term investment with a projected 4.64% first-year return on $69,513 initial cash invested.

4.64%

Cash On Cash

7.69%

Cap Rate

1.32

DSCR

$2,746

Rent

$269

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,513

Downpayment

20%

$49,060

Closing costs

1%

$2,453

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,746

Total Expenses

$2,477

Mortgage P&I

43%

$1,192

Property Taxes

9%

$251

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$330

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$302

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