REI Lense

REI Lense

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$2,697 (target)

1734 Ray Rd, Tallahassee, FL 32303

3 beds • 2 baths • 2262 sqft

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This property might be a fair Long-Term investment with a projected 5.38% first-year return on $55,965 initial cash invested.

5.38%

Cash On Cash

7.72%

Cap Rate

1.29

DSCR

$2,697

Rent

$251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,697 income − $2,446 expenses = $251 cash flow

Income$2,697Mortgage P&I$1,32849%Property Taxes$32112%Insurance$954%Management$27010%CapEx$1355%Vacancy$1626%Maintenance$1355%Cash Flow$251

Investment Breakdown

|

Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,965

Downpayment

20%

$53,300

Closing costs

1%

$2,665

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,697

Total Expenses

$2,446

Mortgage P&I

49%

$1,328

Property Taxes

12%

$321

Home Insurance

4%

$95

HOA

0%

$0

Property Management

10%

$270

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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