REI Lense

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$5,810 (target)

1230 NW 22nd Ave, Delray Beach, FL 33445

3 beds • 2 baths • 1606 sqft

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This property looks like a bad Mid-Term investment with a projected -1.29% first-year return on $144k initial cash invested.

-1.29%

Cash On Cash

6.09%

Cap Rate

1.03

DSCR

$5,810

Rent

-$155

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,810 income − $5,965 expenses = $155 out of pocket

Income$5,810Out of Pocket$155Mortgage P&I$2,96951%Property Taxes$60210%Insurance$2104%HOA$2104%Management$69712%CapEx$2324%Vacancy$1743%Maintenance$2324%Other$63911%

Investment Breakdown

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Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,998

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,810

Total Expenses

$5,965

Mortgage P&I

51%

$2,969

Property Taxes

10%

$602

Home Insurance

4%

$210

HOA

4%

$210

Property Management

12%

$697

CapEx

4%

$232

Vacancy

3%

$174

Maintenance

4%

$232

Other

11%

$639

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