REI Lense

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$2,385 (target)

7123 48TH AVENUE E, Palmetto, FL 34221

3 beds • 2 baths • 1671 sqft

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This property looks like a bad Long-Term investment with a projected -8.34% first-year return on $74,802 initial cash invested.

-8.34%

Cash On Cash

4.92%

Cap Rate

0.78

DSCR

$2,385

Rent

-$520

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,385 income − $2,905 expenses = $520 out of pocket

Income$2,385Out of Pocket$520Mortgage P&I$1,86078%Property Taxes$24410%Insurance$1295%HOA$532%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$356k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,802

Downpayment

20%

$71,240

Closing costs

1%

$3,562

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,385

Total Expenses

$2,905

Mortgage P&I

78%

$1,860

Property Taxes

10%

$244

Home Insurance

5%

$129

HOA

2%

$53

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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