REI Lense

REI Lense

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$2,879 (target)

6144 NW 20th Ct, Margate, FL 33063

3 beds • 2 baths • 1086 sqft

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This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $83,349 initial cash invested.

-8.98%

Cash On Cash

5.13%

Cap Rate

0.78

DSCR

$2,879

Rent

-$624

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,879 income − $3,503 expenses = $624 out of pocket

Income$2,879Out of Pocket$624Mortgage P&I$2,17676%Property Taxes$43815%Insurance$1405%Management$28810%CapEx$1445%Vacancy$1736%Maintenance$1445%

Investment Breakdown

|

Purchase Price

$397k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,349

Downpayment

20%

$79,380

Closing costs

1%

$3,969

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,879

Total Expenses

$3,503

Mortgage P&I

76%

$2,176

Property Taxes

15%

$438

Home Insurance

5%

$140

HOA

0%

$0

Property Management

10%

$288

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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