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$6,507 (target)

6022 Western Way, Lake Worth, FL 33463

3 beds • 3 baths • 2430 sqft

$1,584,300

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This property looks like a bad Mid-Term investment with a projected -16.54% first-year return on $351k initial cash invested.

-16.54%

Cash On Cash

2.61%

Cap Rate

0.43

DSCR

$6,507

Rent

-$4,834

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,507 income − $11,341 expenses = $4,834 out of pocket

Income$6,507Out of Pocket$4,834Mortgage P&I$8,019123%Property Taxes$4287%Insurance$68210%Management$78112%CapEx$2604%Vacancy$1953%Maintenance$2604%Other$71611%

Investment Breakdown

|

Purchase Price

$1584k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$351k

Downpayment

20%

$317k

Closing costs

1%

$15,843

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,507

Total Expenses

$11,341

Mortgage P&I

123%

$8,019

Property Taxes

7%

$428

Home Insurance

10%

$682

HOA

0%

$0

Property Management

12%

$781

CapEx

4%

$260

Vacancy

3%

$195

Maintenance

4%

$260

Other

11%

$716

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