REI Lense

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$2,460 (target)

1224 SE 21st PL, Cape Coral, FL 33990

3 beds • 2 baths • 1314 sqft

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This property looks like a bad Long-Term investment with a projected -4.93% first-year return on $67,158 initial cash invested.

-4.93%

Cash On Cash

5.51%

Cap Rate

0.91

DSCR

$2,460

Rent

-$276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,460 income − $2,736 expenses = $276 out of pocket

Income$2,460Out of Pocket$276Mortgage P&I$1,62166%Property Taxes$35915%Insurance$1165%Management$24610%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,158

Downpayment

20%

$63,960

Closing costs

1%

$3,198

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,460

Total Expenses

$2,736

Mortgage P&I

66%

$1,621

Property Taxes

15%

$359

Home Insurance

5%

$116

HOA

0%

$0

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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