REI Lense

REI Lense

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$2,085 (target)

109 Lakefront Ct NE, Lake Placid, FL 33852

3 beds • 2 baths • 1652 sqft

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This property looks like a bad Long-Term investment with a projected -7.47% first-year return on $65,835 initial cash invested.

-7.47%

Cash On Cash

4.85%

Cap Rate

0.81

DSCR

$2,085

Rent

-$410

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,085 income − $2,495 expenses = $410 out of pocket

Income$2,085Out of Pocket$410Mortgage P&I$1,57475%Property Taxes$26613%Insurance$1145%Management$20810%CapEx$1045%Vacancy$1256%Maintenance$1045%

Investment Breakdown

|

Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,835

Downpayment

20%

$62,700

Closing costs

1%

$3,135

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,085

Total Expenses

$2,495

Mortgage P&I

75%

$1,574

Property Taxes

13%

$266

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$208

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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