REI Lense

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$2,390 (target)

605 Violet Ln W, Defuniak Springs, FL 32433

3 beds • 2 baths • 1270 sqft

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This property might be a fair Mid-Term investment with a projected 7.33% first-year return on $61,428 initial cash invested.

7.33%

Cash On Cash

9.24%

Cap Rate

1.42

DSCR

$2,390

Rent

$375

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,390 income − $2,015 expenses = $375 cash flow

Income$2,390Mortgage P&I$1,12147%Property Taxes$6Insurance$743%Management$28712%CapEx$964%Vacancy$723%Maintenance$964%Other$26311%Cash Flow$375

Investment Breakdown

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Purchase Price

$207k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,428

Downpayment

20%

$41,360

Closing costs

1%

$2,068

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,390

Total Expenses

$2,015

Mortgage P&I

47%

$1,121

Property Taxes

0%

$6

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$287

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$263

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