REI Lense

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$4,245 (target)

1514 NE 2nd St, Cape Coral, FL 33909

3 beds • 2 baths • 1241 sqft

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This property might be a fair Mid-Term investment with a projected 8.03% first-year return on $87,321 initial cash invested.

8.03%

Cash On Cash

8.72%

Cap Rate

1.46

DSCR

$4,245

Rent

$584

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,245 income − $3,661 expenses = $584 cash flow

Income$4,245Mortgage P&I$1,64539%Property Taxes$45411%Insurance$1193%Management$50912%CapEx$1704%Vacancy$1273%Maintenance$1704%Other$46711%Cash Flow$584

Investment Breakdown

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Purchase Price

$330k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,321

Downpayment

20%

$66,020

Closing costs

1%

$3,301

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,245

Total Expenses

$3,661

Mortgage P&I

39%

$1,645

Property Taxes

11%

$454

Home Insurance

3%

$119

HOA

0%

$0

Property Management

12%

$509

CapEx

4%

$170

Vacancy

3%

$127

Maintenance

4%

$170

Other

11%

$467

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