REI Lense

REI Lense

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$3,958 (target)

7007 NW 40TH Place, Coral Springs, FL 33065

3 beds • 2 baths • 1746 sqft

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This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $122k initial cash invested.

-9.74%

Cash On Cash

4.7%

Cap Rate

0.74

DSCR

$3,958

Rent

-$990

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,958 income − $4,948 expenses = $990 out of pocket

Income$3,958Out of Pocket$990Mortgage P&I$3,06978%Property Taxes$61616%Insurance$2346%Management$39610%CapEx$1985%Vacancy$2376%Maintenance$1985%

Investment Breakdown

|

Purchase Price

$581k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,811

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,958

Total Expenses

$4,948

Mortgage P&I

78%

$3,069

Property Taxes

16%

$616

Home Insurance

6%

$234

HOA

0%

$0

Property Management

10%

$396

CapEx

5%

$198

Vacancy

6%

$237

Maintenance

5%

$198

Other

0%

$0

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