REI Lense

REI Lense

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$2,800 (target)

353 Rheine Rd NW, Palm Bay, FL 32907

3 beds • 2 baths • 1472 sqft

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This property looks like a bad Mid-Term investment with a projected -0.2% first-year return on $79,635 initial cash invested.

-0.2%

Cash On Cash

7.04%

Cap Rate

1.06

DSCR

$2,800

Rent

-$13

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,800 income − $2,813 expenses = $13 out of pocket

Income$2,800Out of Pocket$13Mortgage P&I$1,62258%Property Taxes$1345%Insurance$1054%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%

Investment Breakdown

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Purchase Price

$294k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,635

Downpayment

20%

$58,700

Closing costs

1%

$2,935

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,800

Total Expenses

$2,813

Mortgage P&I

58%

$1,622

Property Taxes

5%

$134

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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