REI Lense

REI Lense

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$3,516 (target)

218 Miami Ave, Indialantic, FL 32903

3 beds • 3 baths • 1869 sqft

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This property looks like a bad Long-Term investment with a projected -14.05% first-year return on $184k initial cash invested.

-14.05%

Cash On Cash

3.04%

Cap Rate

0.53

DSCR

$3,516

Rent

-$2,151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,516 income − $5,667 expenses = $2,151 out of pocket

Income$3,516Out of Pocket$2,151Mortgage P&I$4,189119%Property Taxes$2377%Insurance$3269%Management$35210%CapEx$1765%Vacancy$2116%Maintenance$1765%

Investment Breakdown

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Purchase Price

$875k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$184k

Downpayment

20%

$175k

Closing costs

1%

$8,747

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,516

Total Expenses

$5,667

Mortgage P&I

119%

$4,189

Property Taxes

7%

$237

Home Insurance

9%

$326

HOA

0%

$0

Property Management

10%

$352

CapEx

5%

$176

Vacancy

6%

$211

Maintenance

5%

$176

Other

0%

$0

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