REI Lense

REI Lense

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$1,970 (target)

2219 Minnesota Ave, Lynn Haven, FL 32444

3 beds • 2 baths • 1254 sqft

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This property looks like a bad Long-Term investment with a projected -1.95% first-year return on $55,356 initial cash invested.

-1.95%

Cash On Cash

6.09%

Cap Rate

1.01

DSCR

$1,970

Rent

-$90

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,970 income − $2,060 expenses = $90 out of pocket

Income$1,970Out of Pocket$90Mortgage P&I$1,32967%Property Taxes$1266%Insurance$945%Management$19710%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

|

Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,356

Downpayment

20%

$52,720

Closing costs

1%

$2,636

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,970

Total Expenses

$2,060

Mortgage P&I

67%

$1,329

Property Taxes

6%

$126

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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