REI Lense

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$4,178 (target)

1038 Pellam Ave NE, Palm Bay, FL 32907

3 beds • 2 baths • 1756 sqft

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This property might be a fair Mid-Term investment with a projected 7.56% first-year return on $96,708 initial cash invested.

7.56%

Cash On Cash

8.55%

Cap Rate

1.41

DSCR

$4,178

Rent

$609

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,178 income − $3,569 expenses = $609 cash flow

Income$4,178Mortgage P&I$1,89645%Property Taxes$1133%Insurance$1403%Management$50112%CapEx$1674%Vacancy$1253%Maintenance$1674%Other$46011%Cash Flow$609

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,708

Downpayment

20%

$74,960

Closing costs

1%

$3,748

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,178

Total Expenses

$3,569

Mortgage P&I

45%

$1,896

Property Taxes

3%

$113

Home Insurance

3%

$140

HOA

0%

$0

Property Management

12%

$501

CapEx

4%

$167

Vacancy

3%

$125

Maintenance

4%

$167

Other

11%

$460

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