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$10,242 (target)

2708 NE 1ST Avenue, Fort Lauderdale, FL 33334

3 beds • 3 baths • 2035 sqft

$1,429,700

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This property looks like a bad Mid-Term investment with a projected -8.77% first-year return on $318k initial cash invested.

-8.77%

Cash On Cash

4.34%

Cap Rate

0.73

DSCR

$10,242

Rent

-$2,326

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$10,242 income − $12,568 expenses = $2,326 out of pocket

Income$10,242Out of Pocket$2,326Mortgage P&I$7,08169%Property Taxes$1,47014%Insurance$5345%Management$1,22912%CapEx$4104%Vacancy$3073%Maintenance$4104%Other$1,12711%

Investment Breakdown

|

Purchase Price

$1430k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$318k

Downpayment

20%

$286k

Closing costs

1%

$14,297

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$10,242

Total Expenses

$12,568

Mortgage P&I

69%

$7,081

Property Taxes

14%

$1,470

Home Insurance

5%

$534

HOA

0%

$0

Property Management

12%

$1,229

CapEx

4%

$410

Vacancy

3%

$307

Maintenance

4%

$410

Other

11%

$1,127

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