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$4,712 (target)

13513 Island RD, Fort Myers, FL 33905

3 beds • 2 baths • 1992 sqft

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This property might be a fair Mid-Term investment with a projected 1.98% first-year return on $120k initial cash invested.

1.98%

Cash On Cash

6.98%

Cap Rate

1.16

DSCR

$4,712

Rent

$198

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,712 income − $4,514 expenses = $198 cash flow

Income$4,712Mortgage P&I$2,44652%Property Taxes$2626%Insurance$2064%Management$56512%CapEx$1884%Vacancy$1413%Maintenance$1884%Other$51811%Cash Flow$198

Investment Breakdown

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Purchase Price

$487k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,380

Closing costs

1%

$4,869

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,712

Total Expenses

$4,514

Mortgage P&I

52%

$2,446

Property Taxes

6%

$262

Home Insurance

4%

$206

HOA

0%

$0

Property Management

12%

$565

CapEx

4%

$188

Vacancy

3%

$141

Maintenance

4%

$188

Other

11%

$518

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