REI Lense

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$4,359 (target)

113 River Oaks Rd, Melbourne Beach, FL 32951

3 beds • 2 baths • 1679 sqft

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This property looks like a bad Mid-Term investment with a projected -9.15% first-year return on $156k initial cash invested.

-9.15%

Cash On Cash

4.14%

Cap Rate

0.69

DSCR

$4,359

Rent

-$1,188

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,359 income − $5,547 expenses = $1,188 out of pocket

Income$4,359Out of Pocket$1,188Mortgage P&I$3,27775%Property Taxes$54412%Insurance$2456%Management$52312%CapEx$1744%Vacancy$1313%Maintenance$1744%Other$47911%

Investment Breakdown

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Purchase Price

$657k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$156k

Downpayment

20%

$131k

Closing costs

1%

$6,565

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,359

Total Expenses

$5,547

Mortgage P&I

75%

$3,277

Property Taxes

12%

$544

Home Insurance

6%

$245

HOA

0%

$0

Property Management

12%

$523

CapEx

4%

$174

Vacancy

3%

$131

Maintenance

4%

$174

Other

11%

$479

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