REI Lense

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$1,708 (target)

1106 Myrtle Ln, Cocoa, FL 32922

3 beds • 2 baths • 1173 sqft

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This property looks like a bad Long-Term investment with a projected -4.71% first-year return on $43,071 initial cash invested.

-4.71%

Cash On Cash

6.07%

Cap Rate

0.93

DSCR

$1,708

Rent

-$169

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,708 income − $1,877 expenses = $169 out of pocket

Income$1,708Out of Pocket$169Mortgage P&I$1,12166%Property Taxes$24314%Insurance$704%Management$17110%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$205k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,071

Downpayment

20%

$41,020

Closing costs

1%

$2,051

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,708

Total Expenses

$1,877

Mortgage P&I

66%

$1,121

Property Taxes

14%

$243

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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