REI Lense

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$1,708 (target)

3263 Lake Hill Dr, Lake Placid, FL 33852

3 beds • 2 baths • 1296 sqft

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This property looks like a bad Long-Term investment with a projected -5.21% first-year return on $43,512 initial cash invested.

-5.21%

Cash On Cash

5.4%

Cap Rate

0.9

DSCR

$1,708

Rent

-$189

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,708 income − $1,897 expenses = $189 out of pocket

Income$1,708Out of Pocket$189Mortgage P&I$1,03661%Property Taxes$27816%Insurance$1408%Management$17110%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$207k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,512

Downpayment

20%

$41,440

Closing costs

1%

$2,072

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,708

Total Expenses

$1,897

Mortgage P&I

61%

$1,036

Property Taxes

16%

$278

Home Insurance

8%

$140

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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