REI Lense

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$4,050 (target)

348 Morningside Ave, Daytona Beach, FL 32118

3 beds • 3 baths • 1969 sqft

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This property looks like a bad Mid-Term investment with a projected -2.53% first-year return on $111k initial cash invested.

-2.53%

Cash On Cash

5.88%

Cap Rate

0.97

DSCR

$4,050

Rent

-$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,050 income − $4,283 expenses = $233 out of pocket

Income$4,050Out of Pocket$233Mortgage P&I$2,23155%Property Taxes$51713%Insurance$1574%Management$48612%CapEx$1624%Vacancy$1223%Maintenance$1624%Other$44611%

Investment Breakdown

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Purchase Price

$441k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,200

Closing costs

1%

$4,410

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,050

Total Expenses

$4,283

Mortgage P&I

55%

$2,231

Property Taxes

13%

$517

Home Insurance

4%

$157

HOA

0%

$0

Property Management

12%

$486

CapEx

4%

$162

Vacancy

3%

$122

Maintenance

4%

$162

Other

11%

$446

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