REI Lense

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$2,576 (target)

6834 34TH AVENUE E, Palmetto, FL 34221

3 beds • 2 baths • 1180 sqft

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This property looks like a bad Long-Term investment with a projected -7.74% first-year return on $73,206 initial cash invested.

-7.74%

Cash On Cash

5.43%

Cap Rate

0.82

DSCR

$2,576

Rent

-$472

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,576 income − $3,048 expenses = $472 out of pocket

Income$2,576Out of Pocket$472Mortgage P&I$1,92075%Property Taxes$27711%Insurance$1305%HOA$502%Management$25810%CapEx$1295%Vacancy$1556%Maintenance$1295%

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,206

Downpayment

20%

$69,720

Closing costs

1%

$3,486

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,576

Total Expenses

$3,048

Mortgage P&I

75%

$1,920

Property Taxes

11%

$277

Home Insurance

5%

$130

HOA

2%

$50

Property Management

10%

$258

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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