REI Lense

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$7,348 (target)

6143 Belina Ct, Sarasota, FL 34238

3 beds • 3 baths • 2489 sqft

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This property looks like a bad Mid-Term investment with a projected -3.17% first-year return on $194k initial cash invested.

-3.17%

Cash On Cash

5.56%

Cap Rate

0.95

DSCR

$7,348

Rent

-$514

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,348 income − $7,862 expenses = $514 out of pocket

Income$7,348Out of Pocket$514Mortgage P&I$4,11256%Property Taxes$4987%Insurance$2944%HOA$4606%Management$88212%CapEx$2944%Vacancy$2203%Maintenance$2944%Other$80811%

Investment Breakdown

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Purchase Price

$840k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$194k

Downpayment

20%

$168k

Closing costs

1%

$8,400

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$7,348

Total Expenses

$7,862

Mortgage P&I

56%

$4,112

Property Taxes

7%

$498

Home Insurance

4%

$294

HOA

6%

$460

Property Management

12%

$882

CapEx

4%

$294

Vacancy

3%

$220

Maintenance

4%

$294

Other

11%

$808

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