REI Lense

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$5,949 (target)

645 Ibis Drive, Delray Beach, FL 33444

3 beds • 2 baths • 1827 sqft

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This property looks like a bad Mid-Term investment with a projected -5.04% first-year return on $175k initial cash invested.

-5.04%

Cash On Cash

5.8%

Cap Rate

0.88

DSCR

$5,949

Rent

-$735

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,949 income − $6,684 expenses = $735 out of pocket

Income$5,949Out of Pocket$735Mortgage P&I$4,11669%Property Taxes$2725%Insurance$2745%Management$71412%CapEx$2384%Vacancy$1783%Maintenance$2384%Other$65411%

Investment Breakdown

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Purchase Price

$748k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$175k

Downpayment

20%

$150k

Closing costs

1%

$7,483

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,949

Total Expenses

$6,684

Mortgage P&I

69%

$4,116

Property Taxes

5%

$272

Home Insurance

5%

$274

HOA

0%

$0

Property Management

12%

$714

CapEx

4%

$238

Vacancy

3%

$178

Maintenance

4%

$238

Other

11%

$654

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