REI Lense

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$2,842 (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 Mid-Term investment with a projected -0.2% first-year return on $83,877 initial cash invested.

-0.2%

Cash On Cash

6.5%

Cap Rate

1.06

DSCR

$2,842

Rent

-$14

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,842 income − $2,856 expenses = $14 out of pocket

Income$2,842Out of Pocket$14Mortgage P&I$1,59956%Property Taxes$652%Insurance$1154%HOA$1104%Management$34112%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31311%

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,877

Downpayment

20%

$62,740

Closing costs

1%

$3,137

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,842

Total Expenses

$2,856

Mortgage P&I

56%

$1,599

Property Taxes

2%

$65

Home Insurance

4%

$115

HOA

4%

$110

Property Management

12%

$341

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$313

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