REI Lense

REI Lense

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$3,843 (target)

813 2nd St, Key West, FL 33040

3 beds • 2 baths • 895 sqft

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This property looks like a bad Long-Term investment with a projected -16.2% first-year return on $192k initial cash invested.

-16.2%

Cash On Cash

2.76%

Cap Rate

0.47

DSCR

$3,843

Rent

-$2,592

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,843 income − $6,435 expenses = $2,592 out of pocket

Income$3,843Out of Pocket$2,592Mortgage P&I$4,505117%Property Taxes$58115%Insurance$3509%Management$38410%CapEx$1925%Vacancy$2316%Maintenance$1925%

Investment Breakdown

|

Purchase Price

$914k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$192k

Downpayment

20%

$183k

Closing costs

1%

$9,142

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,843

Total Expenses

$6,435

Mortgage P&I

117%

$4,505

Property Taxes

15%

$581

Home Insurance

9%

$350

HOA

0%

$0

Property Management

10%

$384

CapEx

5%

$192

Vacancy

6%

$231

Maintenance

5%

$192

Other

0%

$0

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