REI Lense

REI Lense

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$1,969 (target)

422 Reading St, Pt Charlotte, FL 33952

3 beds • 2 baths • 1716 sqft

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This property might be a fair Long-Term investment with a projected 2.35% first-year return on $46,011 initial cash invested.

2.35%

Cash On Cash

7.28%

Cap Rate

1.16

DSCR

$1,969

Rent

$90

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,969 income − $1,879 expenses = $90 cash flow

Income$1,969Mortgage P&I$1,14158%Property Taxes$1839%Insurance$442%Management$19710%CapEx$985%Vacancy$1186%Maintenance$985%Cash Flow$90

Investment Breakdown

|

Purchase Price

$219k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,011

Downpayment

20%

$43,820

Closing costs

1%

$2,191

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,969

Total Expenses

$1,879

Mortgage P&I

58%

$1,141

Property Taxes

9%

$183

Home Insurance

2%

$44

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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