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$2,954 (target)

422 Reading St, Pt Charlotte, FL 33952

3 beds • 2 baths • 1716 sqft

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This property could be a profitable Mid-Term investment with a projected 10.91% first-year return on $64,011 initial cash invested.

10.91%

Cash On Cash

10.08%

Cap Rate

1.61

DSCR

$2,954

Rent

$582

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,954 income − $2,372 expenses = $582 cash flow

Income$2,954Mortgage P&I$1,14139%Property Taxes$1836%Insurance$441%Management$35412%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32511%Cash Flow$582

Investment Breakdown

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Purchase Price

$219k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,011

Downpayment

20%

$43,820

Closing costs

1%

$2,191

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,954

Total Expenses

$2,372

Mortgage P&I

39%

$1,141

Property Taxes

6%

$183

Home Insurance

1%

$44

HOA

0%

$0

Property Management

12%

$354

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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