REI Lense

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$2,166 (target)

2206 53rd Ave E, Bradenton, FL 34203

3 beds • 2 baths • 1232 sqft

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This property looks like a bad Long-Term investment with a projected -2.62% first-year return on $66,885 initial cash invested.

-2.62%

Cash On Cash

5.84%

Cap Rate

0.98

DSCR

$2,166

Rent

-$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,166 income − $2,312 expenses = $146 out of pocket

Income$2,166Out of Pocket$146Mortgage P&I$1,58773%Property Taxes$502%Insurance$1125%Management$21710%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,885

Downpayment

20%

$63,700

Closing costs

1%

$3,185

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,166

Total Expenses

$2,312

Mortgage P&I

73%

$1,587

Property Taxes

2%

$50

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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