REI Lense

REI Lense

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$10,479 (target)

700 SE 5th Avenue, Pompano Beach, FL 33060

3 beds • 2 baths • 1589 sqft

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This property might be a fair Mid-Term investment with a projected 2.24% first-year return on $222k initial cash invested.

2.24%

Cash On Cash

6.88%

Cap Rate

1.18

DSCR

$10,479

Rent

$416

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$974k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$222k

Downpayment

20%

$195k

Closing costs

1%

$9,738

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$10,479

Total Expenses

$10,063

Mortgage P&I

45%

$4,748

Property Taxes

13%

$1,394

Home Insurance

3%

$359

HOA

0%

$0

Property Management

12%

$1,257

CapEx

4%

$419

Vacancy

3%

$314

Maintenance

4%

$419

Other

11%

$1,153

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