REI Lense

REI Lense

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$2,282 (target)

1022 41st Avenue, Vero Beach, FL 32960

3 beds • 2 baths • 1294 sqft

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This property looks like a bad Long-Term investment with a projected -10.66% first-year return on $75,894 initial cash invested.

-10.66%

Cash On Cash

4.24%

Cap Rate

0.7

DSCR

$2,282

Rent

-$674

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,282 income − $2,956 expenses = $674 out of pocket

Income$2,282Out of Pocket$674Mortgage P&I$1,83881%Property Taxes$39617%Insurance$1296%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,894

Downpayment

20%

$72,280

Closing costs

1%

$3,614

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,282

Total Expenses

$2,956

Mortgage P&I

81%

$1,838

Property Taxes

17%

$396

Home Insurance

6%

$129

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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