REI Lense

REI Lense

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$3,699 (target)

621 SW 56th Avenue, Margate, FL 33068

3 beds • 3 baths • 1340 sqft

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This property looks like a bad Long-Term investment with a projected -3.11% first-year return on $98,763 initial cash invested.

-3.11%

Cash On Cash

5.66%

Cap Rate

0.97

DSCR

$3,699

Rent

-$256

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,699 income − $3,955 expenses = $256 out of pocket

Income$3,699Out of Pocket$256Mortgage P&I$2,28862%Property Taxes$53915%Insurance$1664%Management$37010%CapEx$1855%Vacancy$2226%Maintenance$1855%

Investment Breakdown

|

Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,763

Downpayment

20%

$94,060

Closing costs

1%

$4,703

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,699

Total Expenses

$3,955

Mortgage P&I

62%

$2,288

Property Taxes

15%

$539

Home Insurance

4%

$166

HOA

0%

$0

Property Management

10%

$370

CapEx

5%

$185

Vacancy

6%

$222

Maintenance

5%

$185

Other

0%

$0

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