REI Lense

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$3,280 (target)

614 Somerstone Dr, Valrico, FL 33594

3 beds • 2 baths • 1590 sqft

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This property might be a fair Mid-Term investment with a projected 3.75% first-year return on $85,368 initial cash invested.

3.75%

Cash On Cash

7.46%

Cap Rate

1.25

DSCR

$3,280

Rent

$267

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,280 income − $3,013 expenses = $267 cash flow

Income$3,280Mortgage P&I$1,59549%Property Taxes$1364%Insurance$1143%HOA$532%Management$39412%CapEx$1314%Vacancy$983%Maintenance$1314%Other$36111%Cash Flow$267

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,368

Downpayment

20%

$64,160

Closing costs

1%

$3,208

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,280

Total Expenses

$3,013

Mortgage P&I

49%

$1,595

Property Taxes

4%

$136

Home Insurance

3%

$114

HOA

2%

$53

Property Management

12%

$394

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$361

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