REI Lense

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$1,867 (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 Long-Term investment with a projected -9.33% first-year return on $61,635 initial cash invested.

-9.33%

Cash On Cash

5.05%

Cap Rate

0.76

DSCR

$1,867

Rent

-$479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,867 income − $2,346 expenses = $479 out of pocket

Income$1,867Out of Pocket$479Mortgage P&I$1,62287%Property Taxes$1347%Insurance$1056%Management$18710%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,635

Downpayment

20%

$58,700

Closing costs

1%

$2,935

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,867

Total Expenses

$2,346

Mortgage P&I

87%

$1,622

Property Taxes

7%

$134

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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