REI Lense

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$1,865 (target)

219 NW Melanie Way, Lake City, FL 32055

3 beds • 2 baths • 1359 sqft

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This property looks like a bad Long-Term investment with a projected -11.47% first-year return on $68,859 initial cash invested.

-11.47%

Cash On Cash

4.02%

Cap Rate

0.66

DSCR

$1,865

Rent

-$658

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,865 income − $2,523 expenses = $658 out of pocket

Income$1,865Out of Pocket$658Mortgage P&I$1,66489%Property Taxes$25614%Insurance$1196%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,859

Downpayment

20%

$65,580

Closing costs

1%

$3,279

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,865

Total Expenses

$2,523

Mortgage P&I

89%

$1,664

Property Taxes

14%

$256

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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