REI Lense

REI Lense

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$2,643 (target)

209 SE 2nd St, Satellite Beach, FL 32937

3 beds • 2 baths • 1273 sqft

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This property looks like a bad Long-Term investment with a projected -6.61% first-year return on $86,961 initial cash invested.

-6.61%

Cash On Cash

4.91%

Cap Rate

0.83

DSCR

$2,643

Rent

-$479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,643 income − $3,122 expenses = $479 out of pocket

Income$2,643Out of Pocket$479Mortgage P&I$2,04277%Property Taxes$25310%Insurance$1405%Management$26410%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

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Purchase Price

$414k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,961

Downpayment

20%

$82,820

Closing costs

1%

$4,141

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,643

Total Expenses

$3,122

Mortgage P&I

77%

$2,042

Property Taxes

10%

$253

Home Insurance

5%

$140

HOA

0%

$0

Property Management

10%

$264

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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