REI Lense

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$2,520 (target)

13820 1st St, Fort Myers, FL 33905

3 beds • 2 baths • 1456 sqft

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This property might be a fair Mid-Term investment with a projected 3.13% first-year return on $66,300 initial cash invested.

3.13%

Cash On Cash

7.86%

Cap Rate

1.22

DSCR

$2,520

Rent

$173

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,520 income − $2,347 expenses = $173 cash flow

Income$2,520Mortgage P&I$1,23249%Property Taxes$1787%Insurance$803%Management$30212%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27711%Cash Flow$173

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,520

Total Expenses

$2,347

Mortgage P&I

49%

$1,232

Property Taxes

7%

$178

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$277

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