REI Lense

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$3,087 (target)

7980 21ST Street SW, Vero Beach, FL 32968

3 beds • 2 baths • 1670 sqft

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This property looks like a bad Long-Term investment with a projected -7.3% first-year return on $97,965 initial cash invested.

-7.3%

Cash On Cash

4.9%

Cap Rate

0.81

DSCR

$3,087

Rent

-$596

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,087 income − $3,683 expenses = $596 out of pocket

Income$3,087Out of Pocket$596Mortgage P&I$2,34776%Property Taxes$2729%Insurance$2628%Management$30910%CapEx$1545%Vacancy$1856%Maintenance$1545%

Investment Breakdown

|

Purchase Price

$467k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,965

Downpayment

20%

$93,300

Closing costs

1%

$4,665

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,087

Total Expenses

$3,683

Mortgage P&I

76%

$2,347

Property Taxes

9%

$272

Home Insurance

8%

$262

HOA

0%

$0

Property Management

10%

$309

CapEx

5%

$154

Vacancy

6%

$185

Maintenance

5%

$154

Other

0%

$0

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