REI Lense

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$2,342 (target)

9046 3RD STREET N, Saint Petersburg, FL 33702

3 beds • 2 baths • 1388 sqft

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This property looks like a bad Long-Term investment with a projected -12.4% first-year return on $93,450 initial cash invested.

-12.4%

Cash On Cash

3.8%

Cap Rate

0.62

DSCR

$2,342

Rent

-$966

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,342 income − $3,308 expenses = $966 out of pocket

Income$2,342Out of Pocket$966Mortgage P&I$2,25896%Property Taxes$28512%Insurance$1567%Management$23410%CapEx$1175%Vacancy$1416%Maintenance$1175%

Investment Breakdown

|

Purchase Price

$445k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,450

Downpayment

20%

$89,000

Closing costs

1%

$4,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,342

Total Expenses

$3,308

Mortgage P&I

96%

$2,258

Property Taxes

12%

$285

Home Insurance

7%

$156

HOA

0%

$0

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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