REI Lense

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$7,089 (target)

6940 NW 6th St, Fort Lauderdale, FL 33317

3 beds • 2 baths • 2097 sqft

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This property might be a fair Mid-Term investment with a projected 1.42% first-year return on $160k initial cash invested.

1.42%

Cash On Cash

6.63%

Cap Rate

1.15

DSCR

$7,089

Rent

$189

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,089 income − $6,900 expenses = $189 cash flow

Income$7,089Mortgage P&I$3,26146%Property Taxes$90713%Insurance$3205%Management$85112%CapEx$2844%Vacancy$2133%Maintenance$2844%Other$78011%Cash Flow$189

Investment Breakdown

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Purchase Price

$676k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$160k

Downpayment

20%

$135k

Closing costs

1%

$6,758

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$7,089

Total Expenses

$6,900

Mortgage P&I

46%

$3,261

Property Taxes

13%

$907

Home Insurance

5%

$320

HOA

0%

$0

Property Management

12%

$851

CapEx

4%

$284

Vacancy

3%

$213

Maintenance

4%

$284

Other

11%

$780

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