REI Lense

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$4,828 (target)

2400 NW 85th Avenue, Fort Lauderdale, FL 33322

3 beds • 2 baths • 1438 sqft

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This property might be a fair Mid-Term investment with a projected 9.68% first-year return on $89,988 initial cash invested.

9.68%

Cash On Cash

9.15%

Cap Rate

1.54

DSCR

$4,828

Rent

$726

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,828 income − $4,102 expenses = $726 cash flow

Income$4,828Mortgage P&I$1,69535%Property Taxes$64413%Insurance$1223%Management$57912%CapEx$1934%Vacancy$1453%Maintenance$1934%Other$53111%Cash Flow$726

Investment Breakdown

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Purchase Price

$343k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,988

Downpayment

20%

$68,560

Closing costs

1%

$3,428

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,828

Total Expenses

$4,102

Mortgage P&I

35%

$1,695

Property Taxes

13%

$644

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$579

CapEx

4%

$193

Vacancy

3%

$145

Maintenance

4%

$193

Other

11%

$531

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