REI Lense

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$3,873 (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 Long-Term investment with a projected -10.72% first-year return on $126k initial cash invested.

-10.72%

Cash On Cash

4.08%

Cap Rate

0.69

DSCR

$3,873

Rent

-$1,125

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,873 income − $4,998 expenses = $1,125 out of pocket

Income$3,873Out of Pocket$1,125Mortgage P&I$2,96977%Property Taxes$60216%Insurance$2105%HOA$2105%Management$38710%CapEx$1945%Vacancy$2326%Maintenance$1945%

Investment Breakdown

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Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,998

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,873

Total Expenses

$4,998

Mortgage P&I

77%

$2,969

Property Taxes

16%

$602

Home Insurance

5%

$210

HOA

5%

$210

Property Management

10%

$387

CapEx

5%

$194

Vacancy

6%

$232

Maintenance

5%

$194

Other

0%

$0

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