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$3,072 (target)

1628 NW 38th Ave, Cape Coral, FL 33993

3 beds • 2 baths • 1688 sqft

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This property might be a fair Mid-Term investment with a projected 2.92% first-year return on $75,708 initial cash invested.

2.92%

Cash On Cash

7.37%

Cap Rate

1.22

DSCR

$3,072

Rent

$184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,072 income − $2,888 expenses = $184 cash flow

Income$3,072Mortgage P&I$1,38045%Property Taxes$35311%Insurance$1104%Management$36912%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33811%Cash Flow$184

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,708

Downpayment

20%

$54,960

Closing costs

1%

$2,748

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,072

Total Expenses

$2,888

Mortgage P&I

45%

$1,380

Property Taxes

11%

$353

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$369

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$338

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