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$3,634 (target)

16013 Palmetto Prairie Dr, Alva, FL 33920

3 beds • 2 baths • 1693 sqft

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This property might be a fair Mid-Term investment with a projected 4.42% first-year return on $81,378 initial cash invested.

4.42%

Cash On Cash

7.82%

Cap Rate

1.29

DSCR

$3,634

Rent

$300

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,634 income − $3,334 expenses = $300 cash flow

Income$3,634Mortgage P&I$1,52142%Property Taxes$2938%Insurance$1193%HOA$1665%Management$43612%CapEx$1454%Vacancy$1093%Maintenance$1454%Other$40011%Cash Flow$300

Investment Breakdown

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Purchase Price

$302k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,378

Downpayment

20%

$60,360

Closing costs

1%

$3,018

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,634

Total Expenses

$3,334

Mortgage P&I

42%

$1,521

Property Taxes

8%

$293

Home Insurance

3%

$119

HOA

5%

$166

Property Management

12%

$436

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$400

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