REI Lense

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$7,280 (target)

681 Pine Ridge Ter, Davie, FL 33325

3 beds • 2 baths • 1413 sqft

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This property might be a fair Mid-Term investment with a projected 6.41% first-year return on $149k initial cash invested.

6.41%

Cash On Cash

8.03%

Cap Rate

1.35

DSCR

$7,280

Rent

$797

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,280 income − $6,483 expenses = $797 cash flow

Income$7,280Mortgage P&I$3,09543%Property Taxes$5988%Insurance$2193%HOA$961%Management$87412%CapEx$2914%Vacancy$2183%Maintenance$2914%Other$80111%Cash Flow$797

Investment Breakdown

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Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,250

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$7,280

Total Expenses

$6,483

Mortgage P&I

43%

$3,095

Property Taxes

8%

$598

Home Insurance

3%

$219

HOA

1%

$96

Property Management

12%

$874

CapEx

4%

$291

Vacancy

3%

$218

Maintenance

4%

$291

Other

11%

$801

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