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$3,512 (target)

14941 Center St, Fort Myers, FL 33905

3 beds • 3 baths • 1822 sqft

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This property looks like a bad Mid-Term investment with a projected -11.09% first-year return on $120k initial cash invested.

-11.09%

Cash On Cash

4.24%

Cap Rate

0.64

DSCR

$3,512

Rent

-$1,108

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,512 income − $4,620 expenses = $1,108 out of pocket

Income$3,512Out of Pocket$1,108Mortgage P&I$2,68476%Property Taxes$54015%Insurance$1755%HOA$291%Management$42112%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38611%

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,060

Closing costs

1%

$4,853

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,512

Total Expenses

$4,620

Mortgage P&I

76%

$2,684

Property Taxes

15%

$540

Home Insurance

5%

$175

HOA

1%

$29

Property Management

12%

$421

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$386

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