REI Lense

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$3,185 (target)

926 Sklar Dr W, Venice, FL 34293

3 beds • 2 baths • 1899 sqft

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This property looks like a bad Long-Term investment with a projected -3.96% first-year return on $89,082 initial cash invested.

-3.96%

Cash On Cash

5.55%

Cap Rate

0.94

DSCR

$3,185

Rent

-$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,185 income − $3,479 expenses = $294 out of pocket

Income$3,185Out of Pocket$294Mortgage P&I$2,09766%Property Taxes$34911%Insurance$1585%HOA$482%Management$31810%CapEx$1595%Vacancy$1916%Maintenance$1595%

Investment Breakdown

|

Purchase Price

$424k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,082

Downpayment

20%

$84,840

Closing costs

1%

$4,242

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,185

Total Expenses

$3,479

Mortgage P&I

66%

$2,097

Property Taxes

11%

$349

Home Insurance

5%

$158

HOA

2%

$48

Property Management

10%

$318

CapEx

5%

$159

Vacancy

6%

$191

Maintenance

5%

$159

Other

0%

$0

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