REI Lense

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$2,738 (target)

437 Merrimac Dr, Port Orange, FL 32127

3 beds • 2 baths • 1762 sqft

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This property looks like a bad Long-Term investment with a projected -6.7% first-year return on $78,750 initial cash invested.

-6.7%

Cash On Cash

5.01%

Cap Rate

0.84

DSCR

$2,738

Rent

-$440

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,738 income − $3,178 expenses = $440 out of pocket

Income$2,738Out of Pocket$440Mortgage P&I$1,86968%Property Taxes$46617%Insurance$1315%Management$27410%CapEx$1375%Vacancy$1646%Maintenance$1375%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,738

Total Expenses

$3,178

Mortgage P&I

68%

$1,869

Property Taxes

17%

$466

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$274

CapEx

5%

$137

Vacancy

6%

$164

Maintenance

5%

$137

Other

0%

$0

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