REI Lense

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$3,630 (target)

9311 27TH AVENUE E, Palmetto, FL 34221

3 beds • 2 baths • 1563 sqft

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This property might be a fair Mid-Term investment with a projected 9.25% first-year return on $78,396 initial cash invested.

9.25%

Cash On Cash

9.25%

Cap Rate

1.51

DSCR

$3,630

Rent

$604

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,630 income − $3,026 expenses = $604 cash flow

Income$3,630Mortgage P&I$1,46840%Property Taxes$1925%Insurance$1033%HOA$291%Management$43612%CapEx$1454%Vacancy$1093%Maintenance$1454%Other$39911%Cash Flow$604

Investment Breakdown

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Purchase Price

$288k

Downpayment

20.0%

Interest Rate

6.6%

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

$3,630

Total Expenses

$3,026

Mortgage P&I

40%

$1,468

Property Taxes

5%

$192

Home Insurance

3%

$103

HOA

1%

$29

Property Management

12%

$436

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$399

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