REI Lense

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$5,984 (target)

7735 Ridgelake Cir, Bradenton, FL 34203

3 beds • 2 baths • 1790 sqft

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This property might be a fair Mid-Term investment with a projected 2.74% first-year return on $130k initial cash invested.

2.74%

Cash On Cash

7.22%

Cap Rate

1.2

DSCR

$5,984

Rent

$298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$535k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$107k

Closing costs

1%

$5,348

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,984

Total Expenses

$5,686

Mortgage P&I

45%

$2,682

Property Taxes

9%

$519

Home Insurance

3%

$192

HOA

4%

$259

Property Management

12%

$718

CapEx

4%

$239

Vacancy

3%

$180

Maintenance

4%

$239

Other

11%

$658

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