REI Lense

REI Lense

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$2,305 (target)

95 Florida Blvd, Merritt Island, FL 32953

3 beds • 2 baths • 1543 sqft

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This property looks like a bad Long-Term investment with a projected -21.35% first-year return on $158k initial cash invested.

-21.35%

Cash On Cash

1.82%

Cap Rate

0.3

DSCR

$2,305

Rent

-$2,818

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,305 income − $5,123 expenses = $2,818 out of pocket

Income$2,305Out of Pocket$2,818Mortgage P&I$3,849167%Property Taxes$38617%Insurance$28012%HOA$10Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

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Purchase Price

$754k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$158k

Downpayment

20%

$151k

Closing costs

1%

$7,542

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,305

Total Expenses

$5,123

Mortgage P&I

167%

$3,849

Property Taxes

17%

$386

Home Insurance

12%

$280

HOA

0%

$10

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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