REI Lense

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$4,903 (target)

6968 Corning Circle, Boynton Beach, FL 33437

3 beds • 3 baths • 2705 sqft

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This property looks like a bad Long-Term investment with a projected -11.88% first-year return on $140k initial cash invested.

-11.88%

Cash On Cash

3.9%

Cap Rate

0.66

DSCR

$4,903

Rent

-$1,384

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,903 income − $6,287 expenses = $1,384 out of pocket

Income$4,903Out of Pocket$1,384Mortgage P&I$3,30367%Property Taxes$65313%Insurance$2435%HOA$81417%Management$49010%CapEx$2455%Vacancy$2946%Maintenance$2455%

Investment Breakdown

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Purchase Price

$666k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$133k

Closing costs

1%

$6,659

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,903

Total Expenses

$6,287

Mortgage P&I

67%

$3,303

Property Taxes

13%

$653

Home Insurance

5%

$243

HOA

17%

$814

Property Management

10%

$490

CapEx

5%

$245

Vacancy

6%

$294

Maintenance

5%

$245

Other

0%

$0

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