REI Lense

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$2,224 (target)

2051 Belmont Way, West Melbourne, FL 32904

3 beds • 2 baths • 2020 sqft

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This property looks like a bad Long-Term investment with a projected -9.84% first-year return on $81,186 initial cash invested.

-9.84%

Cash On Cash

4.4%

Cap Rate

0.72

DSCR

$2,224

Rent

-$666

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,224 income − $2,890 expenses = $666 out of pocket

Income$2,224Out of Pocket$666Mortgage P&I$1,97189%Property Taxes$1708%Insurance$1406%HOA$321%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$387k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,186

Downpayment

20%

$77,320

Closing costs

1%

$3,866

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,224

Total Expenses

$2,890

Mortgage P&I

89%

$1,971

Property Taxes

8%

$170

Home Insurance

6%

$140

HOA

1%

$32

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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