REI Lense

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$7,779 (target)

965 BRUCE AVENUE, Clearwater, FL 33767

3 beds • 2 baths • 1898 sqft

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This property looks like a bad Mid-Term investment with a projected -3.86% first-year return on $215k initial cash invested.

-3.86%

Cash On Cash

5.54%

Cap Rate

0.92

DSCR

$7,779

Rent

-$690

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,779 income − $8,469 expenses = $690 out of pocket

Income$7,779Out of Pocket$690Mortgage P&I$4,70360%Property Taxes$76110%Insurance$3484%HOA$13Management$93312%CapEx$3114%Vacancy$2333%Maintenance$3114%Other$85611%

Investment Breakdown

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Purchase Price

$936k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$215k

Downpayment

20%

$187k

Closing costs

1%

$9,362

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$7,779

Total Expenses

$8,469

Mortgage P&I

60%

$4,703

Property Taxes

10%

$761

Home Insurance

4%

$348

HOA

0%

$13

Property Management

12%

$933

CapEx

4%

$311

Vacancy

3%

$233

Maintenance

4%

$311

Other

11%

$856

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