REI Lense

REI Lense

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$2,877 (target)

2969 Lakeland Avenue SW, Palm Bay, FL 32908

3 beds • 3 baths • 2237 sqft

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This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $116k initial cash invested.

-7.22%

Cash On Cash

4.62%

Cap Rate

0.75

DSCR

$2,877

Rent

-$701

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,877 income − $3,578 expenses = $701 out of pocket

Income$2,877Out of Pocket$701Mortgage P&I$2,39183%Property Taxes$462%Insurance$1646%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%

Investment Breakdown

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Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,800

Closing costs

1%

$4,690

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,877

Total Expenses

$3,578

Mortgage P&I

83%

$2,391

Property Taxes

2%

$46

Home Insurance

6%

$164

HOA

0%

$0

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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