REI Lense

REI Lense

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$2,995 (target)

7102 42ND COURT E, Sarasota, FL 34243

3 beds • 2 baths • 2142 sqft

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This property looks like a bad Long-Term investment with a projected -9.57% first-year return on $106k initial cash invested.

-9.57%

Cash On Cash

4.48%

Cap Rate

0.73

DSCR

$2,995

Rent

-$843

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,995 income − $3,838 expenses = $843 out of pocket

Income$2,995Out of Pocket$843Mortgage P&I$2,57386%Property Taxes$2498%Insurance$1816%HOA$552%Management$30010%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

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Purchase Price

$503k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,034

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,995

Total Expenses

$3,838

Mortgage P&I

86%

$2,573

Property Taxes

8%

$249

Home Insurance

6%

$181

HOA

2%

$55

Property Management

10%

$300

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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