REI Lense

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$2,682 (target)

22411 SW 88th Pl #626, Cutler Bay, FL 33190

3 beds • 2 baths • 1515 sqft

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This property looks like a bad Long-Term investment with a projected -14.78% first-year return on $68,775 initial cash invested.

-14.78%

Cash On Cash

3.57%

Cap Rate

0.58

DSCR

$2,682

Rent

-$847

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,682 income − $3,529 expenses = $847 out of pocket

Income$2,682Out of Pocket$847Mortgage P&I$1,68663%Property Taxes$65825%Insurance$1164%HOA$37214%Management$26810%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,775

Downpayment

20%

$65,500

Closing costs

1%

$3,275

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,682

Total Expenses

$3,529

Mortgage P&I

63%

$1,686

Property Taxes

25%

$658

Home Insurance

4%

$116

HOA

14%

$372

Property Management

10%

$268

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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