REI Lense

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$3,489 (target)

1024 Lennox Way, Melbourne, FL 32940

3 beds • 3 baths • 2112 sqft

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This property looks like a bad Long-Term investment with a projected -11.91% first-year return on $126k initial cash invested.

-11.91%

Cash On Cash

4.37%

Cap Rate

0.67

DSCR

$3,489

Rent

-$1,255

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,489 income − $4,744 expenses = $1,255 out of pocket

Income$3,489Out of Pocket$1,255Mortgage P&I$3,27294%Property Taxes$3009%Insurance$2196%HOA$471%Management$34910%CapEx$1745%Vacancy$2096%Maintenance$1745%

Investment Breakdown

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Purchase Price

$602k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$6,022

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,489

Total Expenses

$4,744

Mortgage P&I

94%

$3,272

Property Taxes

9%

$300

Home Insurance

6%

$219

HOA

1%

$47

Property Management

10%

$349

CapEx

5%

$174

Vacancy

6%

$209

Maintenance

5%

$174

Other

0%

$0

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