REI Lense

REI Lense

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$2,906 (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 Long-Term investment with a projected -16.67% first-year return on $138k initial cash invested.

-16.67%

Cash On Cash

2.75%

Cap Rate

0.46

DSCR

$2,906

Rent

-$1,915

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,906 income − $4,821 expenses = $1,915 out of pocket

Income$2,906Out of Pocket$1,915Mortgage P&I$3,277113%Property Taxes$54419%Insurance$2458%Management$29110%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

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Purchase Price

$657k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$131k

Closing costs

1%

$6,565

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,906

Total Expenses

$4,821

Mortgage P&I

113%

$3,277

Property Taxes

19%

$544

Home Insurance

8%

$245

HOA

0%

$0

Property Management

10%

$291

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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