REI Lense

REI Lense

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$2,783 (target)

1470 Winkler Ave, Fort Myers, FL 33901

3 beds • 2 baths • 1736 sqft

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This property looks like a bad Long-Term investment with a projected -5.48% first-year return on $86,289 initial cash invested.

-5.48%

Cash On Cash

5.36%

Cap Rate

0.88

DSCR

$2,783

Rent

-$394

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,783 income − $3,177 expenses = $394 out of pocket

Income$2,783Out of Pocket$394Mortgage P&I$2,09075%Property Taxes$2148%Insurance$1505%Management$27810%CapEx$1395%Vacancy$1676%Maintenance$1395%

Investment Breakdown

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Purchase Price

$411k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,289

Downpayment

20%

$82,180

Closing costs

1%

$4,109

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,783

Total Expenses

$3,177

Mortgage P&I

75%

$2,090

Property Taxes

8%

$214

Home Insurance

5%

$150

HOA

0%

$0

Property Management

10%

$278

CapEx

5%

$139

Vacancy

6%

$167

Maintenance

5%

$139

Other

0%

$0

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