REI Lense

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$3,879 (target)

7040 NW 8th Ct, Fort Lauderdale, FL 33317

3 beds • 2 baths • 1738 sqft

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This property looks like a bad Long-Term investment with a projected -16.94% first-year return on $168k initial cash invested.

-16.94%

Cash On Cash

2.69%

Cap Rate

0.45

DSCR

$3,879

Rent

-$2,372

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,879 income − $6,251 expenses = $2,372 out of pocket

Income$3,879Out of Pocket$2,372Mortgage P&I$3,969102%Property Taxes$99326%Insurance$2807%Management$38810%CapEx$1945%Vacancy$2336%Maintenance$1945%

Investment Breakdown

|

Purchase Price

$800k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$168k

Downpayment

20%

$160k

Closing costs

1%

$7,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,879

Total Expenses

$6,251

Mortgage P&I

102%

$3,969

Property Taxes

26%

$993

Home Insurance

7%

$280

HOA

0%

$0

Property Management

10%

$388

CapEx

5%

$194

Vacancy

6%

$233

Maintenance

5%

$194

Other

0%

$0

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