REI Lense

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$6,231 (target)

96513 Soap Creek Dr, Fernandina Beach, FL 32034

3 beds • 3 baths • 2404 sqft

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This property looks like a bad Mid-Term investment with a projected -10.21% first-year return on $219k initial cash invested.

-10.21%

Cash On Cash

4%

Cap Rate

0.66

DSCR

$6,231

Rent

-$1,867

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,231 income − $8,098 expenses = $1,867 out of pocket

Income$6,231Out of Pocket$1,867Mortgage P&I$4,81777%Property Taxes$68511%Insurance$3365%HOA$1422%Management$74812%CapEx$2494%Vacancy$1873%Maintenance$2494%Other$68511%

Investment Breakdown

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Purchase Price

$959k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$219k

Downpayment

20%

$192k

Closing costs

1%

$9,590

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,231

Total Expenses

$8,098

Mortgage P&I

77%

$4,817

Property Taxes

11%

$685

Home Insurance

5%

$336

HOA

2%

$142

Property Management

12%

$748

CapEx

4%

$249

Vacancy

3%

$187

Maintenance

4%

$249

Other

11%

$685

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