REI Lense

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$2,602 (target)

13002 10th ST, Fort Myers, FL 33905

3 beds • 2 baths • 1376 sqft

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This property might be a fair Mid-Term investment with a projected 9.36% first-year return on $58,572 initial cash invested.

9.36%

Cash On Cash

9.99%

Cap Rate

1.54

DSCR

$2,602

Rent

$457

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,602 income − $2,145 expenses = $457 cash flow

Income$2,602Mortgage P&I$1,04740%Property Taxes$1275%Insurance$873%Management$31212%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28611%Cash Flow$457

Investment Breakdown

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Purchase Price

$193k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,572

Downpayment

20%

$38,640

Closing costs

1%

$1,932

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,602

Total Expenses

$2,145

Mortgage P&I

40%

$1,047

Property Taxes

5%

$127

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$312

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$286

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