REI Lense

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$2,047 (target)

459 E Baffin Dr, Venice, FL 34293

3 beds • 2 baths • 1508 sqft

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This property looks like a bad Long-Term investment with a projected -9.51% first-year return on $69,279 initial cash invested.

-9.51%

Cash On Cash

4.4%

Cap Rate

0.73

DSCR

$2,047

Rent

-$549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,047 income − $2,596 expenses = $549 out of pocket

Income$2,047Out of Pocket$549Mortgage P&I$1,65681%Property Taxes$28914%Insurance$1196%Management$20510%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,279

Downpayment

20%

$65,980

Closing costs

1%

$3,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,047

Total Expenses

$2,596

Mortgage P&I

81%

$1,656

Property Taxes

14%

$289

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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