REI Lense

REI Lense

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$6,215 (target)

2111 SW Racquet Club Drive, Palm City, FL 34990

3 beds • 4 baths • 2944 sqft

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This property might be a fair Long-Term investment with a projected 1.47% first-year return on $147k initial cash invested.

1.47%

Cash On Cash

6.76%

Cap Rate

1.14

DSCR

$6,215

Rent

$180

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,215 income − $6,035 expenses = $180 cash flow

Income$6,215Mortgage P&I$3,44555%Property Taxes$4938%Insurance$2454%HOA$2354%Management$62210%CapEx$3115%Vacancy$3736%Maintenance$3115%Cash Flow$180

Investment Breakdown

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Purchase Price

$699k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$140k

Closing costs

1%

$6,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$6,215

Total Expenses

$6,035

Mortgage P&I

55%

$3,445

Property Taxes

8%

$493

Home Insurance

4%

$245

HOA

4%

$235

Property Management

10%

$622

CapEx

5%

$311

Vacancy

6%

$373

Maintenance

5%

$311

Other

0%

$0

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