REI Lense

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$2,859 (target)

840 Morning Side Dr, Cocoa, FL 32922

3 beds • 2 baths • 1644 sqft

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This property might be a fair Mid-Term investment with a projected 2.56% first-year return on $78,396 initial cash invested.

2.56%

Cash On Cash

7.22%

Cap Rate

1.19

DSCR

$2,859

Rent

$167

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,859 income − $2,692 expenses = $167 cash flow

Income$2,859Mortgage P&I$1,44951%Property Taxes$1676%Insurance$1054%Management$34312%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%Cash Flow$167

Investment Breakdown

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Purchase Price

$288k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,396

Downpayment

20%

$57,520

Closing costs

1%

$2,876

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,859

Total Expenses

$2,692

Mortgage P&I

51%

$1,449

Property Taxes

6%

$167

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$343

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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