REI Lense

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$3,908 (target)

1019 Spindle Palm Way, Apollo Beach, FL 33572

3 beds • 2 baths • 1590 sqft

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This property looks like a bad Long-Term investment with a projected -7.08% first-year return on $146k initial cash invested.

-7.08%

Cash On Cash

4.8%

Cap Rate

0.81

DSCR

$3,908

Rent

-$861

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,908 income − $4,769 expenses = $861 out of pocket

Income$3,908Out of Pocket$861Mortgage P&I$3,44688%Property Taxes$541%Insurance$2546%Management$39110%CapEx$1955%Vacancy$2346%Maintenance$1955%

Investment Breakdown

|

Purchase Price

$695k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$139k

Closing costs

1%

$6,948

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,908

Total Expenses

$4,769

Mortgage P&I

88%

$3,446

Property Taxes

1%

$54

Home Insurance

7%

$254

HOA

0%

$0

Property Management

10%

$391

CapEx

5%

$195

Vacancy

6%

$234

Maintenance

5%

$195

Other

0%

$0

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