REI Lense

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$2,010 (target)

1006 NE 6th Pl, Cape Coral, FL 33909

3 beds • 2 baths • 1622 sqft

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This property looks like a bad Long-Term investment with a projected -8.32% first-year return on $61,446 initial cash invested.

-8.32%

Cash On Cash

4.81%

Cap Rate

0.78

DSCR

$2,010

Rent

-$426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,010 income − $2,436 expenses = $426 out of pocket

Income$2,010Out of Pocket$426Mortgage P&I$1,49975%Property Taxes$31015%Insurance$1055%Management$20110%CapEx$1005%Vacancy$1216%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$293k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,446

Downpayment

20%

$58,520

Closing costs

1%

$2,926

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,010

Total Expenses

$2,436

Mortgage P&I

75%

$1,499

Property Taxes

15%

$310

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$201

CapEx

5%

$100

Vacancy

6%

$121

Maintenance

5%

$100

Other

0%

$0

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