REI Lense

REI Lense

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$6,696 (target)

7780 SE Needle Palm Circle, Hobe Sound, FL 33455

3 beds • 2 baths • 2017 sqft

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This property might be a fair Mid-Term investment with a projected 5.02% first-year return on $139k initial cash invested.

5.02%

Cash On Cash

7.56%

Cap Rate

1.31

DSCR

$6,696

Rent

$583

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,696 income − $6,113 expenses = $583 cash flow

Income$6,696Mortgage P&I$2,78742%Property Taxes$5218%Insurance$2103%HOA$3175%Management$80412%CapEx$2684%Vacancy$2013%Maintenance$2684%Other$73711%Cash Flow$583

Investment Breakdown

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Purchase Price

$578k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$116k

Closing costs

1%

$5,775

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,696

Total Expenses

$6,113

Mortgage P&I

42%

$2,787

Property Taxes

8%

$521

Home Insurance

3%

$210

HOA

5%

$317

Property Management

12%

$804

CapEx

4%

$268

Vacancy

3%

$201

Maintenance

4%

$268

Other

11%

$737

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