REI Lense

REI Lense

$3,704 (target)

7007 Deer Park Avenue, Fort Pierce, FL 34951

3 beds • 2 baths • 1371 sqft

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This property might be a fair Mid-Term investment with a projected 0.76% first-year return on $87,321 initial cash invested.

0.76%

Cash On Cash

7.19%

Cap Rate

1.11

DSCR

$3,704

Rent

$55

Cashflow

Cash Flow

$3,704 income − $3,649 expenses = $55 cash flow

Income$3,704P&I$1,77648%Taxes$49613%Insurance$1193%Mgmt$44412%CapEx$1484%Vacancy$1113%Maint.$1484%Other$40711%Cash Flow$55

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,321

Downpayment

20%

$66,020

Closing costs

1%

$3,301

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,704

Total Expenses

$3,649

Mortgage P&I

48%

$1,776

Property Taxes

13%

$496

Home Insurance

3%

$119

HOA

0%

$0

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

See Fort Pierce, FL mid-term rental market →

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