REI Lense

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$2,515 (target)

6031 71st Ave N, Pinellas Park, FL 33781

3 beds • 2 baths • 1544 sqft

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This property looks like a bad Long-Term investment with a projected -7.34% first-year return on $82,698 initial cash invested.

-7.34%

Cash On Cash

4.89%

Cap Rate

0.81

DSCR

$2,515

Rent

-$506

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,515 income − $3,021 expenses = $506 out of pocket

Income$2,515Out of Pocket$506Mortgage P&I$1,98579%Property Taxes$25010%Insurance$1315%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$394k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,698

Downpayment

20%

$78,760

Closing costs

1%

$3,938

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,515

Total Expenses

$3,021

Mortgage P&I

79%

$1,985

Property Taxes

10%

$250

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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