REI Lense

REI Lense

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$2,341 (target)

14941 Center St, Fort Myers, FL 33905

3 beds • 3 baths • 1822 sqft

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This property looks like a bad Long-Term investment with a projected -19.96% first-year return on $102k initial cash invested.

-19.96%

Cash On Cash

2.73%

Cap Rate

0.41

DSCR

$2,341

Rent

-$1,695

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,341 income − $4,036 expenses = $1,695 out of pocket

Income$2,341Out of Pocket$1,695Mortgage P&I$2,684115%Property Taxes$54023%Insurance$1757%HOA$291%Management$23410%CapEx$1175%Vacancy$1406%Maintenance$1175%

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,060

Closing costs

1%

$4,853

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,341

Total Expenses

$4,036

Mortgage P&I

115%

$2,684

Property Taxes

23%

$540

Home Insurance

7%

$175

HOA

1%

$29

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$140

Maintenance

5%

$117

Other

0%

$0

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