REI Lense

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$1,298 (target)

709 NW PALM DRIVE, Lake City, FL 32055

3 beds • 2 baths • 1928 sqft

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This property looks like a bad Long-Term investment with a projected -16.39% first-year return on $42,966 initial cash invested.

-16.39%

Cash On Cash

3.65%

Cap Rate

0.54

DSCR

$1,298

Rent

-$587

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,298 income − $1,885 expenses = $587 out of pocket

Income$1,298Out of Pocket$587Mortgage P&I$1,14488%Property Taxes$34727%Insurance$564%Management$13010%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

|

Purchase Price

$205k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,966

Downpayment

20%

$40,920

Closing costs

1%

$2,046

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,298

Total Expenses

$1,885

Mortgage P&I

88%

$1,144

Property Taxes

27%

$347

Home Insurance

4%

$56

HOA

0%

$0

Property Management

10%

$130

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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