REI Lense

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$1,895 (target)

15627 Spring Line Ln, Fort Myers, FL 33905

3 beds • 2 baths • 1610 sqft

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This property looks like a bad Long-Term investment with a projected -8.89% first-year return on $65,877 initial cash invested.

-8.89%

Cash On Cash

4.61%

Cap Rate

0.75

DSCR

$1,895

Rent

-$488

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,895 income − $2,383 expenses = $488 out of pocket

Income$1,895Out of Pocket$488Mortgage P&I$1,59984%Property Taxes$653%Insurance$1156%HOA$1106%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,877

Downpayment

20%

$62,740

Closing costs

1%

$3,137

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,895

Total Expenses

$2,383

Mortgage P&I

84%

$1,599

Property Taxes

3%

$65

Home Insurance

6%

$115

HOA

6%

$110

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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