REI Lense

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$3,671 (target)

6830 NW 8th Court, Margate, FL 33063

3 beds • 2 baths • 1414 sqft

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This property looks like a bad Long-Term investment with a projected -1.85% first-year return on $103k initial cash invested.

-1.85%

Cash On Cash

5.98%

Cap Rate

1.01

DSCR

$3,671

Rent

-$159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,671 income − $3,830 expenses = $159 out of pocket

Income$3,671Out of Pocket$159Mortgage P&I$2,42066%Property Taxes$2808%Insurance$1755%Management$36710%CapEx$1845%Vacancy$2206%Maintenance$1845%

Investment Breakdown

|

Purchase Price

$490k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$98,060

Closing costs

1%

$4,903

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,671

Total Expenses

$3,830

Mortgage P&I

66%

$2,420

Property Taxes

8%

$280

Home Insurance

5%

$175

HOA

0%

$0

Property Management

10%

$367

CapEx

5%

$184

Vacancy

6%

$220

Maintenance

5%

$184

Other

0%

$0

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