REI Lense

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$4,464 (target)

509 E Lake Ave, Tampa, FL 33603

3 beds • 2 baths • 1500 sqft

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This property might be a fair Mid-Term investment with a projected 2.33% first-year return on $101k initial cash invested.

2.33%

Cash On Cash

7.19%

Cap Rate

1.19

DSCR

$4,464

Rent

$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,464 income − $4,268 expenses = $196 cash flow

Income$4,464Mortgage P&I$1,98745%Property Taxes$62214%Insurance$1403%Management$53612%CapEx$1794%Vacancy$1343%Maintenance$1794%Other$49111%Cash Flow$196

Investment Breakdown

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Purchase Price

$394k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$78,860

Closing costs

1%

$3,943

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,464

Total Expenses

$4,268

Mortgage P&I

45%

$1,987

Property Taxes

14%

$622

Home Insurance

3%

$140

HOA

0%

$0

Property Management

12%

$536

CapEx

4%

$179

Vacancy

3%

$134

Maintenance

4%

$179

Other

11%

$491

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