REI Lense

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$1,790 (target)

1102 REDBIRD STREET, Lake Placid, FL 33852

3 beds • 2 baths • 1415 sqft

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This property looks like a bad Long-Term investment with a projected -8.19% first-year return on $53,025 initial cash invested.

-8.19%

Cash On Cash

5.31%

Cap Rate

0.8

DSCR

$1,790

Rent

-$362

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,790 income − $2,152 expenses = $362 out of pocket

Income$1,790Out of Pocket$362Mortgage P&I$1,39078%Property Taxes$20511%Insurance$915%Management$17910%CapEx$905%Vacancy$1076%Maintenance$905%

Investment Breakdown

|

Purchase Price

$253k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,025

Downpayment

20%

$50,500

Closing costs

1%

$2,525

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,790

Total Expenses

$2,152

Mortgage P&I

78%

$1,390

Property Taxes

11%

$205

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$90

Vacancy

6%

$107

Maintenance

5%

$90

Other

0%

$0

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