REI Lense

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$1,473 (target)

111 Gull Ave NW, Lake Placid, FL 33852

3 beds • 2 baths • 1056 sqft

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This property looks like a bad Long-Term investment with a projected -7.96% first-year return on $53,550 initial cash invested.

-7.96%

Cash On Cash

4.87%

Cap Rate

0.79

DSCR

$1,473

Rent

-$355

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,473 income − $1,828 expenses = $355 out of pocket

Income$1,473Out of Pocket$355Mortgage P&I$1,31689%Property Taxes$403%Insurance$896%Management$14710%CapEx$745%Vacancy$886%Maintenance$745%

Investment Breakdown

|

Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,550

Downpayment

20%

$51,000

Closing costs

1%

$2,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,473

Total Expenses

$1,828

Mortgage P&I

89%

$1,316

Property Taxes

3%

$40

Home Insurance

6%

$89

HOA

0%

$0

Property Management

10%

$147

CapEx

5%

$74

Vacancy

6%

$88

Maintenance

5%

$74

Other

0%

$0

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