REI Lense

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$7,354 (target)

6968 Corning Circle, Boynton Beach, FL 33437

3 beds • 3 baths • 2705 sqft

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This property looks like a bad Mid-Term investment with a projected -1.21% first-year return on $158k initial cash invested.

-1.21%

Cash On Cash

6.2%

Cap Rate

1.04

DSCR

$7,354

Rent

-$159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,354 income − $7,513 expenses = $159 out of pocket

Income$7,354Out of Pocket$159Mortgage P&I$3,30345%Property Taxes$6539%Insurance$2433%HOA$81411%Management$88212%CapEx$2944%Vacancy$2213%Maintenance$2944%Other$80911%

Investment Breakdown

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Purchase Price

$666k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$158k

Downpayment

20%

$133k

Closing costs

1%

$6,659

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$7,354

Total Expenses

$7,513

Mortgage P&I

45%

$3,303

Property Taxes

9%

$653

Home Insurance

3%

$243

HOA

11%

$814

Property Management

12%

$882

CapEx

4%

$294

Vacancy

3%

$221

Maintenance

4%

$294

Other

11%

$809

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