REI Lense

REI Lense

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$1,753 (target)

814 Aruba Ave SE, Palm Bay, FL 32909

3 beds • 2 baths • 1080 sqft

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This property looks like a bad Long-Term investment with a projected -6.98% first-year return on $48,300 initial cash invested.

-6.98%

Cash On Cash

5.5%

Cap Rate

0.85

DSCR

$1,753

Rent

-$281

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,753 income − $2,034 expenses = $281 out of pocket

Income$1,753Out of Pocket$281Mortgage P&I$1,24771%Property Taxes$25114%Insurance$805%Management$17510%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,753

Total Expenses

$2,034

Mortgage P&I

71%

$1,247

Property Taxes

14%

$251

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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