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$3,128 (target)

109 Lakefront Ct NE, Lake Placid, FL 33852

3 beds • 2 baths • 1652 sqft

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This property might be a fair Mid-Term investment with a projected 1.59% first-year return on $83,835 initial cash invested.

1.59%

Cash On Cash

6.93%

Cap Rate

1.15

DSCR

$3,128

Rent

$111

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,128 income − $3,017 expenses = $111 cash flow

Income$3,128Mortgage P&I$1,57450%Property Taxes$2669%Insurance$1144%Management$37512%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34411%Cash Flow$111

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,835

Downpayment

20%

$62,700

Closing costs

1%

$3,135

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,128

Total Expenses

$3,017

Mortgage P&I

50%

$1,574

Property Taxes

9%

$266

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$375

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$344

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