REI Lense

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$2,965 (target)

6711 CONETTA DRIVE, Sarasota, FL 34243

3 beds • 2 baths • 1563 sqft

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This property might be a fair Long-Term investment with a projected 4.15% first-year return on $71,400 initial cash invested.

4.15%

Cash On Cash

7.49%

Cap Rate

1.23

DSCR

$2,965

Rent

$247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,965 income − $2,718 expenses = $247 cash flow

Income$2,965Mortgage P&I$1,72758%Property Taxes$1023%Insurance$1194%Management$29610%CapEx$1485%Vacancy$1786%Maintenance$1485%Cash Flow$247

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,965

Total Expenses

$2,718

Mortgage P&I

58%

$1,727

Property Taxes

3%

$102

Home Insurance

4%

$119

HOA

0%

$0

Property Management

10%

$296

CapEx

5%

$148

Vacancy

6%

$178

Maintenance

5%

$148

Other

0%

$0

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