REI Lense

REI Lense

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$2,790 (target)

210 Florida Blvd, Merritt Island, FL 32953

3 beds • 2 baths • 1775 sqft

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This property looks like a bad Long-Term investment with a projected -2.28% first-year return on $82,572 initial cash invested.

-2.28%

Cash On Cash

5.87%

Cap Rate

0.99

DSCR

$2,790

Rent

-$157

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,790 income − $2,947 expenses = $157 out of pocket

Income$2,790Out of Pocket$157Mortgage P&I$1,93969%Property Taxes$1445%Insurance$1305%HOA$8Management$27910%CapEx$1405%Vacancy$1676%Maintenance$1405%

Investment Breakdown

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Purchase Price

$393k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,572

Downpayment

20%

$78,640

Closing costs

1%

$3,932

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,790

Total Expenses

$2,947

Mortgage P&I

70%

$1,939

Property Taxes

5%

$144

Home Insurance

5%

$130

HOA

0%

$8

Property Management

10%

$279

CapEx

5%

$140

Vacancy

6%

$167

Maintenance

5%

$140

Other

0%

$0

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