REI Lense

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$3,658 (target)

898 Havelock Ave SW, Palm Bay, FL 32908

3 beds • 3 baths • 2234 sqft

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This property looks like a bad Mid-Term investment with a projected -0.51% first-year return on $108k initial cash invested.

-0.51%

Cash On Cash

6.4%

Cap Rate

1.05

DSCR

$3,658

Rent

-$46

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,658 income − $3,704 expenses = $46 out of pocket

Income$3,658Out of Pocket$46Mortgage P&I$2,19260%Property Taxes$1193%Insurance$1504%Management$43912%CapEx$1464%Vacancy$1103%Maintenance$1464%Other$40211%

Investment Breakdown

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Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$86,000

Closing costs

1%

$4,300

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,658

Total Expenses

$3,704

Mortgage P&I

60%

$2,192

Property Taxes

3%

$119

Home Insurance

4%

$150

HOA

0%

$0

Property Management

12%

$439

CapEx

4%

$146

Vacancy

3%

$110

Maintenance

4%

$146

Other

11%

$402

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