REI Lense

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$2,955 (target)

2219 Minnesota Ave, Lynn Haven, FL 32444

3 beds • 2 baths • 1254 sqft

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This property might be a fair Mid-Term investment with a projected 6.56% first-year return on $73,356 initial cash invested.

6.56%

Cash On Cash

8.41%

Cap Rate

1.39

DSCR

$2,955

Rent

$401

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,955 income − $2,554 expenses = $401 cash flow

Income$2,955Mortgage P&I$1,32945%Property Taxes$1264%Insurance$943%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32511%Cash Flow$401

Investment Breakdown

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Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,356

Downpayment

20%

$52,720

Closing costs

1%

$2,636

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,955

Total Expenses

$2,554

Mortgage P&I

45%

$1,329

Property Taxes

4%

$126

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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