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1617 NE 8th Avenue, Fort Lauderdale, FL 33305

3 beds • 2 baths • 1190 sqft

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This property might be a fair Mid-Term investment with a projected 8.62% first-year return on $125k initial cash invested.

8.62%

Cash On Cash

8.54%

Cap Rate

1.45

DSCR

$5,704

Rent

$898

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$510k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$125k

Downpayment

20%

$102k

Closing costs

1%

$5,096

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,704

Total Expenses

$4,806

Mortgage P&I

44%

$2,501

Property Taxes

3%

$182

Home Insurance

3%

$185

HOA

0%

$0

Property Management

12%

$684

CapEx

4%

$228

Vacancy

3%

$171

Maintenance

4%

$228

Other

11%

$627

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