REI Lense

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$4,623 (target)

976 8TH AVENUE S, Saint Petersburg, FL 33705

3 beds • 2 baths • 1345 sqft

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This property might be a fair Mid-Term investment with a projected 7.78% first-year return on $95,049 initial cash invested.

7.78%

Cash On Cash

9%

Cap Rate

1.41

DSCR

$4,623

Rent

$616

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,623 income − $4,007 expenses = $616 cash flow

Income$4,623Mortgage P&I$1,95042%Property Taxes$3538%Insurance$1313%Management$55512%CapEx$1854%Vacancy$1393%Maintenance$1854%Other$50911%Cash Flow$616

Investment Breakdown

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Purchase Price

$367k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,049

Downpayment

20%

$73,380

Closing costs

1%

$3,669

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,623

Total Expenses

$4,007

Mortgage P&I

42%

$1,950

Property Taxes

8%

$353

Home Insurance

3%

$131

HOA

0%

$0

Property Management

12%

$555

CapEx

4%

$185

Vacancy

3%

$139

Maintenance

4%

$185

Other

11%

$509

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