REI Lense

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$2,902 (target)

1006 NE 2nd Pl, Cape Coral, FL 33909

3 beds • 2 baths • 1479 sqft

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This property looks like a bad Long-Term investment with a projected -5.69% first-year return on $75,453 initial cash invested.

-5.69%

Cash On Cash

5.17%

Cap Rate

0.88

DSCR

$2,902

Rent

-$358

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,902 income − $3,260 expenses = $358 out of pocket

Income$2,902Out of Pocket$358Mortgage P&I$1,76061%Property Taxes$61721%Insurance$1294%Management$29010%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,453

Downpayment

20%

$71,860

Closing costs

1%

$3,593

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,902

Total Expenses

$3,260

Mortgage P&I

61%

$1,760

Property Taxes

21%

$617

Home Insurance

4%

$129

HOA

0%

$0

Property Management

10%

$290

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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