REI Lense

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$3,599 (target)

875 28TH Avenue, Vero Beach, FL 32960

3 beds • 2 baths • 1915 sqft

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This property might be a fair Long-Term investment with a projected 6.11% first-year return on $81,879 initial cash invested.

6.11%

Cash On Cash

7.84%

Cap Rate

1.31

DSCR

$3,599

Rent

$417

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,599 income − $3,182 expenses = $417 cash flow

Income$3,599Mortgage P&I$1,95154%Property Taxes$1594%Insurance$1364%Management$36010%CapEx$1805%Vacancy$2166%Maintenance$1805%Cash Flow$417

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,599

Total Expenses

$3,182

Mortgage P&I

54%

$1,951

Property Taxes

4%

$159

Home Insurance

4%

$136

HOA

0%

$0

Property Management

10%

$360

CapEx

5%

$180

Vacancy

6%

$216

Maintenance

5%

$180

Other

0%

$0

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