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12911 Timber Ridge Dr, Fort Myers, FL 33913

3 beds • 2 baths • 2212 sqft

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This property looks like a bad Long-Term investment with a projected -8.65% first-year return on $94,500 initial cash invested.

-8.65%

Cash On Cash

4.46%

Cap Rate

0.76

DSCR

$2,950

Rent

-$681

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,500

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,950

Total Expenses

$3,631

Mortgage P&I

75%

$2,205

Property Taxes

11%

$322

Home Insurance

5%

$158

HOA

6%

$178

Property Management

10%

$295

CapEx

5%

$148

Vacancy

6%

$177

Maintenance

5%

$148

Other

0%

$0

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Comparable Property

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SQFT

Distance

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2

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1.3 mi

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1.3 mi

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2

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0.9 mi

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4

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0.6 mi

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2

1

2020

0.9 mi

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$2,850

5

4

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0.6 mi

1255 S Forest Knoll St

$1,100

2

1

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0.9 mi

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$2,850

5

4

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0.6 mi

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