REI Lense

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$5,592 (target)

7744 SE Needle Palm Circle, Hobe Sound, FL 33455

3 beds • 2 baths • 2017 sqft

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This property might be a fair Mid-Term investment with a projected 0.7% first-year return on $122k initial cash invested.

0.7%

Cash On Cash

6.83%

Cap Rate

1.12

DSCR

$5,592

Rent

$71

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,592 income − $5,521 expenses = $71 cash flow

Income$5,592Mortgage P&I$2,53745%Property Taxes$57410%Insurance$1913%HOA$3176%Management$67112%CapEx$2244%Vacancy$1683%Maintenance$2244%Other$61511%Cash Flow$71

Investment Breakdown

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Purchase Price

$498k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,500

Closing costs

1%

$4,975

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,592

Total Expenses

$5,521

Mortgage P&I

45%

$2,537

Property Taxes

10%

$574

Home Insurance

3%

$191

HOA

6%

$317

Property Management

12%

$671

CapEx

4%

$224

Vacancy

3%

$168

Maintenance

4%

$224

Other

11%

$615

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