REI Lense

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$2,596 (target)

604 N 15th St, Fernandina Beach, FL 32034

3 beds • 2 baths • 1558 sqft

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This property looks like a bad Long-Term investment with a projected -22.89% first-year return on $136k initial cash invested.

-22.89%

Cash On Cash

2.03%

Cap Rate

0.31

DSCR

$2,596

Rent

-$2,600

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,596 income − $5,196 expenses = $2,600 out of pocket

Income$2,596Out of Pocket$2,600Mortgage P&I$3,568137%Property Taxes$72528%Insurance$2279%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$649k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$130k

Closing costs

1%

$6,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,596

Total Expenses

$5,196

Mortgage P&I

137%

$3,568

Property Taxes

28%

$725

Home Insurance

9%

$227

HOA

0%

$0

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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