REI Lense

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$3,244 (target)

1516 18th St, Niceville, FL 32578

3 beds • 2 baths • 1395 sqft

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This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $99,837 initial cash invested.

-2.37%

Cash On Cash

5.75%

Cap Rate

0.97

DSCR

$3,244

Rent

-$197

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,244 income − $3,441 expenses = $197 out of pocket

Income$3,244Out of Pocket$197Mortgage P&I$1,93460%Property Taxes$2648%Insurance$1404%Management$38912%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35711%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,837

Downpayment

20%

$77,940

Closing costs

1%

$3,897

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,244

Total Expenses

$3,441

Mortgage P&I

60%

$1,934

Property Taxes

8%

$264

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$389

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$357

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