REI Lense

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$3,612 (target)

2143 Hickory Ln, Tallahassee, FL 32305

3 beds • 2 baths • 1805 sqft

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This property might be a fair Mid-Term investment with a projected 3.78% first-year return on $83,100 initial cash invested.

3.78%

Cash On Cash

8%

Cap Rate

1.24

DSCR

$3,612

Rent

$262

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,612 income − $3,350 expenses = $262 cash flow

Income$3,612Mortgage P&I$1,66046%Property Taxes$38511%Insurance$792%Management$43312%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39711%Cash Flow$262

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,612

Total Expenses

$3,350

Mortgage P&I

46%

$1,660

Property Taxes

11%

$385

Home Insurance

2%

$79

HOA

0%

$0

Property Management

12%

$433

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$397

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