REI Lense

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$4,012 (target)

12370 Kelly Sands Way, Fort Myers, FL 33908

3 beds • 2 baths • 1515 sqft

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This property looks like a bad Long-Term investment with a projected -3.87% first-year return on $94,290 initial cash invested.

-3.87%

Cash On Cash

5.97%

Cap Rate

0.96

DSCR

$4,012

Rent

-$304

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,012 income − $4,316 expenses = $304 out of pocket

Income$4,012Out of Pocket$304Mortgage P&I$2,33658%Property Taxes$932%Insurance$1574%HOA$68617%Management$40110%CapEx$2015%Vacancy$2416%Maintenance$2015%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,290

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,012

Total Expenses

$4,316

Mortgage P&I

58%

$2,336

Property Taxes

2%

$93

Home Insurance

4%

$157

HOA

17%

$686

Property Management

10%

$401

CapEx

5%

$201

Vacancy

6%

$241

Maintenance

5%

$201

Other

0%

$0

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