REI Lense

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$1,828 (target)

855 Altamira St NW, Palm Bay, FL 32907

3 beds • 2 baths • 1267 sqft

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This property looks like a bad Long-Term investment with a projected -11.3% first-year return on $57,540 initial cash invested.

-11.3%

Cash On Cash

4.63%

Cap Rate

0.7

DSCR

$1,828

Rent

-$542

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,828 income − $2,370 expenses = $542 out of pocket

Income$1,828Out of Pocket$542Mortgage P&I$1,50983%Property Taxes$29016%Insurance$965%Management$18310%CapEx$915%Vacancy$1106%Maintenance$915%

Investment Breakdown

|

Purchase Price

$274k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,540

Downpayment

20%

$54,800

Closing costs

1%

$2,740

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,828

Total Expenses

$2,370

Mortgage P&I

83%

$1,509

Property Taxes

16%

$290

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$91

Vacancy

6%

$110

Maintenance

5%

$91

Other

0%

$0

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