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$2,979 (target)

23060 August Ave, Pt Charlotte, FL 33954

3 beds • 2 baths • 1352 sqft

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This property might be a fair Mid-Term investment with a projected 9.83% first-year return on $65,901 initial cash invested.

9.83%

Cash On Cash

9.76%

Cap Rate

1.55

DSCR

$2,979

Rent

$540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,979 income − $2,439 expenses = $540 cash flow

Income$2,979Mortgage P&I$1,19740%Property Taxes$1485%Insurance$823%Management$35712%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32811%Cash Flow$540

Investment Breakdown

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Purchase Price

$228k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,901

Downpayment

20%

$45,620

Closing costs

1%

$2,281

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,979

Total Expenses

$2,439

Mortgage P&I

40%

$1,197

Property Taxes

5%

$148

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$357

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$328

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