REI Lense

REI Lense

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$3,002 (target)

971 CORTLAND WAY, Palm Harbor, FL 34683

3 beds • 2 baths • 2268 sqft

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This property looks like a bad Long-Term investment with a projected -14.12% first-year return on $117k initial cash invested.

-14.12%

Cash On Cash

3.7%

Cap Rate

0.58

DSCR

$3,002

Rent

-$1,372

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,002 income − $4,374 expenses = $1,372 out of pocket

Income$3,002Out of Pocket$1,372Mortgage P&I$2,93398%Property Taxes$44215%Insurance$2017%HOA$181%Management$30010%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

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Purchase Price

$555k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$111k

Closing costs

1%

$5,554

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,002

Total Expenses

$4,374

Mortgage P&I

98%

$2,933

Property Taxes

15%

$442

Home Insurance

7%

$201

HOA

1%

$18

Property Management

10%

$300

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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