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$2,942 (target)

1198 Alminar Ave SE, Palm Bay, FL 32909

3 beds • 2 baths • 1412 sqft

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This property looks like a bad Mid-Term investment with a projected -0.15% first-year return on $77,661 initial cash invested.

-0.15%

Cash On Cash

6.79%

Cap Rate

1.07

DSCR

$2,942

Rent

-$10

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,942 income − $2,952 expenses = $10 out of pocket

Income$2,942Out of Pocket$10Mortgage P&I$1,50051%Property Taxes$34912%Insurance$1023%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%

Investment Breakdown

|

Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,661

Downpayment

20%

$56,820

Closing costs

1%

$2,841

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,942

Total Expenses

$2,952

Mortgage P&I

51%

$1,500

Property Taxes

12%

$349

Home Insurance

3%

$102

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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