REI Lense

REI Lense

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$2,213 (target)

6116 Armada St, Tavares, FL 32778

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Long-Term investment with a projected -12.23% first-year return on $63,777 initial cash invested.

-12.23%

Cash On Cash

3.91%

Cap Rate

0.65

DSCR

$2,213

Rent

-$650

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,213 income − $2,863 expenses = $650 out of pocket

Income$2,213Out of Pocket$650Mortgage P&I$1,52869%Property Taxes$36116%Insurance$1165%HOA$28213%Management$22110%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,777

Downpayment

20%

$60,740

Closing costs

1%

$3,037

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,213

Total Expenses

$2,863

Mortgage P&I

69%

$1,528

Property Taxes

16%

$361

Home Insurance

5%

$116

HOA

13%

$282

Property Management

10%

$221

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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