REI Lense

REI Lense

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$2,720 (target)

1315 Parkland Boulevard, Fort Pierce, FL 34982

3 beds • 2 baths • 1696 sqft

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This property looks like a bad Long-Term investment with a projected -9.59% first-year return on $83,979 initial cash invested.

-9.59%

Cash On Cash

4.48%

Cap Rate

0.74

DSCR

$2,720

Rent

-$671

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,720 income − $3,391 expenses = $671 out of pocket

Income$2,720Out of Pocket$671Mortgage P&I$2,02975%Property Taxes$51519%Insurance$1405%Management$27210%CapEx$1365%Vacancy$1636%Maintenance$1365%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,979

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,720

Total Expenses

$3,391

Mortgage P&I

75%

$2,029

Property Taxes

19%

$515

Home Insurance

5%

$140

HOA

0%

$0

Property Management

10%

$272

CapEx

5%

$136

Vacancy

6%

$163

Maintenance

5%

$136

Other

0%

$0

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