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$2,829 (target)

2903 38th St SW, Lehigh Acres, FL 33976

3 beds • 2 baths • 1408 sqft

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This property might be a fair Mid-Term investment with a projected 1.66% first-year return on $83,877 initial cash invested.

1.66%

Cash On Cash

6.79%

Cap Rate

1.15

DSCR

$2,829

Rent

$116

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,829 income − $2,713 expenses = $116 cash flow

Income$2,829Mortgage P&I$1,54755%Property Taxes$1074%Insurance$983%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%Cash Flow$116

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,877

Downpayment

20%

$62,740

Closing costs

1%

$3,137

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,829

Total Expenses

$2,713

Mortgage P&I

55%

$1,547

Property Taxes

4%

$107

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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