REI Lense

REI Lense

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$3,446 (target)

6920 SW 1st Court, Margate, FL 33068

3 beds • 2 baths • 1317 sqft

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This property might be a fair Long-Term investment with a projected 2.68% first-year return on $87,276 initial cash invested.

2.68%

Cash On Cash

6.98%

Cap Rate

1.18

DSCR

$3,446

Rent

$195

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,446 income − $3,251 expenses = $195 cash flow

Income$3,446Mortgage P&I$2,05260%Property Taxes$1544%Insurance$1494%Management$34510%CapEx$1725%Vacancy$2076%Maintenance$1725%Cash Flow$195

Investment Breakdown

|

Purchase Price

$416k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,276

Downpayment

20%

$83,120

Closing costs

1%

$4,156

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,446

Total Expenses

$3,251

Mortgage P&I

60%

$2,052

Property Taxes

4%

$154

Home Insurance

4%

$149

HOA

0%

$0

Property Management

10%

$345

CapEx

5%

$172

Vacancy

6%

$207

Maintenance

5%

$172

Other

0%

$0

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