REI Lense

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$3,366 (target)

1073 Banks St NW, Palm Bay, FL 32907

3 beds • 2 baths • 1425 sqft

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This property might be a fair Mid-Term investment with a projected 4.93% first-year return on $87,090 initial cash invested.

4.93%

Cash On Cash

7.91%

Cap Rate

1.29

DSCR

$3,366

Rent

$358

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,366 income − $3,008 expenses = $358 cash flow

Income$3,366Mortgage P&I$1,67750%Property Taxes$712%Insurance$1153%Management$40412%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37011%Cash Flow$358

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,090

Downpayment

20%

$65,800

Closing costs

1%

$3,290

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,366

Total Expenses

$3,008

Mortgage P&I

50%

$1,677

Property Taxes

2%

$71

Home Insurance

3%

$115

HOA

0%

$0

Property Management

12%

$404

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$370

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