REI Lense

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$2,543 (target)

887 Leeward Rd, Venice, FL 34293

3 beds • 2 baths • 1601 sqft

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This property might be a fair Long-Term investment with a projected 6.22% first-year return on $56,679 initial cash invested.

6.22%

Cash On Cash

7.8%

Cap Rate

1.32

DSCR

$2,543

Rent

$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,543 income − $2,249 expenses = $294 cash flow

Income$2,543Mortgage P&I$1,33352%Property Taxes$1616%Insurance$944%Management$25410%CapEx$1275%Vacancy$1536%Maintenance$1275%Cash Flow$294

Investment Breakdown

|

Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,543

Total Expenses

$2,249

Mortgage P&I

52%

$1,333

Property Taxes

6%

$161

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$153

Maintenance

5%

$127

Other

0%

$0

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