REI Lense

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$5,127 (target)

355 W 62nd St, Hialeah, FL 33012

3 beds • 2 baths • 1507 sqft

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This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $147k initial cash invested.

-5.29%

Cash On Cash

5.09%

Cap Rate

0.85

DSCR

$5,127

Rent

-$650

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,127 income − $5,777 expenses = $650 out of pocket

Income$5,127Out of Pocket$650Mortgage P&I$3,05860%Property Taxes$75715%Insurance$2194%Management$61512%CapEx$2054%Vacancy$1543%Maintenance$2054%Other$56411%

Investment Breakdown

|

Purchase Price

$616k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$123k

Closing costs

1%

$6,158

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,127

Total Expenses

$5,777

Mortgage P&I

60%

$3,058

Property Taxes

15%

$757

Home Insurance

4%

$219

HOA

0%

$0

Property Management

12%

$615

CapEx

4%

$205

Vacancy

3%

$154

Maintenance

4%

$205

Other

11%

$564

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