REI Lense

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$2,798 (target)

338 Erie Dr, Poinciana, FL 34759

3 beds • 2 baths • 1615 sqft

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This property might be a fair Mid-Term investment with a projected 5.27% first-year return on $63,486 initial cash invested.

5.27%

Cash On Cash

8.38%

Cap Rate

1.35

DSCR

$2,798

Rent

$279

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,798 income − $2,519 expenses = $279 cash flow

Income$2,798Mortgage P&I$1,12140%Property Taxes$26910%Insurance$773%HOA$1004%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%Cash Flow$279

Investment Breakdown

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Purchase Price

$217k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,486

Downpayment

20%

$43,320

Closing costs

1%

$2,166

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,798

Total Expenses

$2,519

Mortgage P&I

40%

$1,121

Property Taxes

10%

$269

Home Insurance

3%

$77

HOA

4%

$100

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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