REI Lense

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$4,536 (target)

710 MYAKKA RD, Sarasota, FL 34240

3 beds • 3 baths • 2139 sqft

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This property looks like a bad Long-Term investment with a projected -11.32% first-year return on $169k initial cash invested.

-11.32%

Cash On Cash

4.09%

Cap Rate

0.67

DSCR

$4,536

Rent

-$1,594

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,536 income − $6,130 expenses = $1,594 out of pocket

Income$4,536Out of Pocket$1,594Mortgage P&I$4,10791%Property Taxes$54512%Insurance$2987%Management$45410%CapEx$2275%Vacancy$2726%Maintenance$2275%

Investment Breakdown

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Purchase Price

$805k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$169k

Downpayment

20%

$161k

Closing costs

1%

$8,046

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,536

Total Expenses

$6,130

Mortgage P&I

91%

$4,107

Property Taxes

12%

$545

Home Insurance

7%

$298

HOA

0%

$0

Property Management

10%

$454

CapEx

5%

$227

Vacancy

6%

$272

Maintenance

5%

$227

Other

0%

$0

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