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$1,886 (target)

2903 38th St SW, Lehigh Acres, FL 33976

3 beds • 2 baths • 1408 sqft

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This property looks like a bad Long-Term investment with a projected -6.48% first-year return on $65,877 initial cash invested.

-6.48%

Cash On Cash

4.92%

Cap Rate

0.83

DSCR

$1,886

Rent

-$356

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,886 income − $2,242 expenses = $356 out of pocket

Income$1,886Out of Pocket$356Mortgage P&I$1,54782%Property Taxes$1076%Insurance$985%Management$18910%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,877

Downpayment

20%

$62,740

Closing costs

1%

$3,137

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,886

Total Expenses

$2,242

Mortgage P&I

82%

$1,547

Property Taxes

6%

$107

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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