REI Lense

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$3,418 (target)

355 W 62nd St, Hialeah, FL 33012

3 beds • 2 baths • 1507 sqft

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This property looks like a bad Long-Term investment with a projected -13.97% first-year return on $129k initial cash invested.

-13.97%

Cash On Cash

3.36%

Cap Rate

0.56

DSCR

$3,418

Rent

-$1,505

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,418 income − $4,923 expenses = $1,505 out of pocket

Income$3,418Out of Pocket$1,505Mortgage P&I$3,05889%Property Taxes$75722%Insurance$2196%Management$34210%CapEx$1715%Vacancy$2056%Maintenance$1715%

Investment Breakdown

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Purchase Price

$616k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$123k

Closing costs

1%

$6,158

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,418

Total Expenses

$4,923

Mortgage P&I

89%

$3,058

Property Taxes

22%

$757

Home Insurance

6%

$219

HOA

0%

$0

Property Management

10%

$342

CapEx

5%

$171

Vacancy

6%

$205

Maintenance

5%

$171

Other

0%

$0

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