REI Lense

REI Lense

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$3,162 (target)

455 Kennebec St, Merritt Island, FL 32952

3 beds • 2 baths • 1757 sqft

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This property looks like a bad Long-Term investment with a projected -4.7% first-year return on $97,629 initial cash invested.

-4.7%

Cash On Cash

5.54%

Cap Rate

0.91

DSCR

$3,162

Rent

-$382

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,162 income − $3,544 expenses = $382 out of pocket

Income$3,162Out of Pocket$382Mortgage P&I$2,37075%Property Taxes$1896%Insurance$1635%Management$31610%CapEx$1585%Vacancy$1906%Maintenance$1585%

Investment Breakdown

|

Purchase Price

$465k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,629

Downpayment

20%

$92,980

Closing costs

1%

$4,649

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,162

Total Expenses

$3,544

Mortgage P&I

75%

$2,370

Property Taxes

6%

$189

Home Insurance

5%

$163

HOA

0%

$0

Property Management

10%

$316

CapEx

5%

$158

Vacancy

6%

$190

Maintenance

5%

$158

Other

0%

$0

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