REI Lense

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$4,706 (target)

8807 WELLESLY COURT, Odessa, FL 33556

3 beds • 3 baths • 2289 sqft

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This property looks like a bad Long-Term investment with a projected -9.42% first-year return on $138k initial cash invested.

-9.42%

Cash On Cash

4.99%

Cap Rate

0.76

DSCR

$4,706

Rent

-$1,080

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,706 income − $5,786 expenses = $1,080 out of pocket

Income$4,706Out of Pocket$1,080Mortgage P&I$3,57076%Property Taxes$75716%Insurance$2365%Management$47110%CapEx$2355%Vacancy$2826%Maintenance$2355%

Investment Breakdown

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Purchase Price

$655k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$131k

Closing costs

1%

$6,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,706

Total Expenses

$5,786

Mortgage P&I

76%

$3,570

Property Taxes

16%

$757

Home Insurance

5%

$236

HOA

0%

$0

Property Management

10%

$471

CapEx

5%

$235

Vacancy

6%

$282

Maintenance

5%

$235

Other

0%

$0

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