REI Lense

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$2,979 (target)

649 Narragansett St NE, Palm Bay, FL 32907

3 beds • 2 baths • 1736 sqft

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This property looks like a bad Mid-Term investment with a projected -8.12% first-year return on $104k initial cash invested.

-8.12%

Cash On Cash

4.37%

Cap Rate

0.72

DSCR

$2,979

Rent

-$707

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,979 income − $3,686 expenses = $707 out of pocket

Income$2,979Out of Pocket$707Mortgage P&I$2,08970%Property Taxes$43615%Insurance$1495%Management$35712%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32811%

Investment Breakdown

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Purchase Price

$412k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,360

Closing costs

1%

$4,118

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,979

Total Expenses

$3,686

Mortgage P&I

70%

$2,089

Property Taxes

15%

$436

Home Insurance

5%

$149

HOA

0%

$0

Property Management

12%

$357

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$328

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