REI Lense

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$2,248 (target)

24308 Buckingham Way, Punta Gorda, FL 33980

3 beds • 2 baths • 1796 sqft

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This property looks like a bad Long-Term investment with a projected -15.01% first-year return on $76,650 initial cash invested.

-15.01%

Cash On Cash

3.21%

Cap Rate

0.54

DSCR

$2,248

Rent

-$959

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,248 income − $3,207 expenses = $959 out of pocket

Income$2,248Out of Pocket$959Mortgage P&I$1,82281%Property Taxes$2129%Insurance$1356%HOA$45420%Management$22510%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,650

Downpayment

20%

$73,000

Closing costs

1%

$3,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,248

Total Expenses

$3,207

Mortgage P&I

81%

$1,822

Property Taxes

9%

$212

Home Insurance

6%

$135

HOA

20%

$454

Property Management

10%

$225

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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