REI Lense

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$2,960 (target)

705 Merrimac Dr, Port Orange, FL 32127

3 beds • 3 baths • 1755 sqft

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This property might be a fair Long-Term investment with a projected 2.17% first-year return on $73,983 initial cash invested.

2.17%

Cash On Cash

6.98%

Cap Rate

1.16

DSCR

$2,960

Rent

$134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,960 income − $2,826 expenses = $134 cash flow

Income$2,960Mortgage P&I$1,76860%Property Taxes$1555%Insurance$1334%Management$29610%CapEx$1485%Vacancy$1786%Maintenance$1485%Cash Flow$134

Investment Breakdown

|

Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,983

Downpayment

20%

$70,460

Closing costs

1%

$3,523

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,960

Total Expenses

$2,826

Mortgage P&I

60%

$1,768

Property Taxes

5%

$155

Home Insurance

4%

$133

HOA

0%

$0

Property Management

10%

$296

CapEx

5%

$148

Vacancy

6%

$178

Maintenance

5%

$148

Other

0%

$0

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