REI Lense

REI Lense

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$2,308 (target)

882 Palo Alto St SE, Palm Bay, FL 32909

3 beds • 2 baths • 2294 sqft

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This property looks like a bad Long-Term investment with a projected -7.81% first-year return on $78,687 initial cash invested.

-7.81%

Cash On Cash

4.96%

Cap Rate

0.8

DSCR

$2,308

Rent

-$512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,308 income − $2,820 expenses = $512 out of pocket

Income$2,308Out of Pocket$512Mortgage P&I$1,94684%Property Taxes$1426%Insurance$1336%Management$23110%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,687

Downpayment

20%

$74,940

Closing costs

1%

$3,747

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,308

Total Expenses

$2,820

Mortgage P&I

84%

$1,946

Property Taxes

6%

$142

Home Insurance

6%

$133

HOA

0%

$0

Property Management

10%

$231

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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