REI Lense

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$3,807 (target)

96191 Ridgewood Cir, Fernandina Beach, FL 32034

3 beds • 2 baths • 1591 sqft

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This property looks like a bad Mid-Term investment with a projected -1.7% first-year return on $102k initial cash invested.

-1.7%

Cash On Cash

6.47%

Cap Rate

1

DSCR

$3,807

Rent

-$144

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,807 income − $3,951 expenses = $144 out of pocket

Income$3,807Out of Pocket$144Mortgage P&I$2,13756%Property Taxes$3228%Insurance$1464%HOA$521%Management$45712%CapEx$1524%Vacancy$1143%Maintenance$1524%Other$41911%

Investment Breakdown

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Purchase Price

$398k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,620

Closing costs

1%

$3,981

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,807

Total Expenses

$3,951

Mortgage P&I

56%

$2,137

Property Taxes

8%

$322

Home Insurance

4%

$146

HOA

1%

$52

Property Management

12%

$457

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$419

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