REI Lense

REI Lense

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$3,884 (target)

240 NW 8th Ave, Delray Beach, FL 33444

3 beds • 2 baths • 1288 sqft

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This property could be a profitable Long-Term investment with a projected 13.57% first-year return on $67,494 initial cash invested.

13.57%

Cash On Cash

9.67%

Cap Rate

1.59

DSCR

$3,884

Rent

$763

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,884 income − $3,121 expenses = $763 cash flow

Income$3,884Mortgage P&I$1,63242%Property Taxes$47812%Insurance$2Management$38810%CapEx$1945%Vacancy$2336%Maintenance$1945%Cash Flow$763

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,494

Downpayment

20%

$64,280

Closing costs

1%

$3,214

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,884

Total Expenses

$3,121

Mortgage P&I

42%

$1,632

Property Taxes

12%

$478

Home Insurance

0%

$2

HOA

0%

$0

Property Management

10%

$388

CapEx

5%

$194

Vacancy

6%

$233

Maintenance

5%

$194

Other

0%

$0

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