REI Lense

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$4,503 (target)

971 CORTLAND WAY, Palm Harbor, FL 34683

3 beds • 2 baths • 2268 sqft

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This property looks like a bad Mid-Term investment with a projected -5.54% first-year return on $135k initial cash invested.

-5.54%

Cash On Cash

5.38%

Cap Rate

0.85

DSCR

$4,503

Rent

-$621

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,503 income − $5,124 expenses = $621 out of pocket

Income$4,503Out of Pocket$621Mortgage P&I$2,93365%Property Taxes$44210%Insurance$2014%HOA$18Management$54012%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49511%

Investment Breakdown

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Purchase Price

$555k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$111k

Closing costs

1%

$5,554

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,503

Total Expenses

$5,124

Mortgage P&I

65%

$2,933

Property Taxes

10%

$442

Home Insurance

4%

$201

HOA

0%

$18

Property Management

12%

$540

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$495

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