REI Lense

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$2,961 (target)

6412 2nd Ave W, Bradenton, FL 34209

3 beds • 2 baths • 1408 sqft

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This property looks like a bad Long-Term investment with a projected -5.68% first-year return on $85,764 initial cash invested.

-5.68%

Cash On Cash

5.38%

Cap Rate

0.88

DSCR

$2,961

Rent

-$406

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,961 income − $3,367 expenses = $406 out of pocket

Income$2,961Out of Pocket$406Mortgage P&I$2,08971%Property Taxes$35812%Insurance$1505%Management$29610%CapEx$1485%Vacancy$1786%Maintenance$1485%

Investment Breakdown

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Purchase Price

$408k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,764

Downpayment

20%

$81,680

Closing costs

1%

$4,084

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,961

Total Expenses

$3,367

Mortgage P&I

71%

$2,089

Property Taxes

12%

$358

Home Insurance

5%

$150

HOA

0%

$0

Property Management

10%

$296

CapEx

5%

$148

Vacancy

6%

$178

Maintenance

5%

$148

Other

0%

$0

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