REI Lense

REI Lense

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$1,704 (target)

696 Harrington St SW, Palm Bay, FL 32908

3 beds • 2 baths • 1056 sqft

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This property looks like a bad Long-Term investment with a projected -8.39% first-year return on $51,324 initial cash invested.

-8.39%

Cash On Cash

5.24%

Cap Rate

0.8

DSCR

$1,704

Rent

-$359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,704 income − $2,063 expenses = $359 out of pocket

Income$1,704Out of Pocket$359Mortgage P&I$1,34279%Property Taxes$19211%Insurance$875%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$244k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,324

Downpayment

20%

$48,880

Closing costs

1%

$2,444

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,704

Total Expenses

$2,063

Mortgage P&I

79%

$1,342

Property Taxes

11%

$192

Home Insurance

5%

$87

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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