REI Lense

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$2,859 (target)

6318 Lenape Street, Fort Pierce, FL 34982

3 beds • 2 baths • 1350 sqft

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This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $89,379 initial cash invested.

-4.19%

Cash On Cash

5.31%

Cap Rate

0.88

DSCR

$2,859

Rent

-$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,859 income − $3,171 expenses = $312 out of pocket

Income$2,859Out of Pocket$312Mortgage P&I$1,70360%Property Taxes$37813%Insurance$1194%Management$34312%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,859

Total Expenses

$3,171

Mortgage P&I

60%

$1,703

Property Taxes

13%

$378

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$343

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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