REI Lense

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$1,938 (target)

6215 Grissom Pkwy, Cocoa, FL 32927

3 beds • 2 baths • 1313 sqft

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This property looks like a bad Long-Term investment with a projected -11.68% first-year return on $71,421 initial cash invested.

-11.68%

Cash On Cash

3.91%

Cap Rate

0.65

DSCR

$1,938

Rent

-$695

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,938 income − $2,633 expenses = $695 out of pocket

Income$1,938Out of Pocket$695Mortgage P&I$1,70788%Property Taxes$30015%Insurance$1226%Management$19410%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,421

Downpayment

20%

$68,020

Closing costs

1%

$3,401

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,938

Total Expenses

$2,633

Mortgage P&I

88%

$1,707

Property Taxes

15%

$300

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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