REI Lense

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$4,870 (target)

1768 Whiskey Creek DR, Fort Myers, FL 33919

3 beds • 2 baths • 2020 sqft

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This property looks like a bad Mid-Term investment with a projected -7.53% first-year return on $152k initial cash invested.

-7.53%

Cash On Cash

4.91%

Cap Rate

0.78

DSCR

$4,870

Rent

-$951

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,870 income − $5,821 expenses = $951 out of pocket

Income$4,870Out of Pocket$951Mortgage P&I$3,36169%Property Taxes$57012%Insurance$2345%Management$58412%CapEx$1954%Vacancy$1463%Maintenance$1954%Other$53611%

Investment Breakdown

|

Purchase Price

$636k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$127k

Closing costs

1%

$6,364

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,870

Total Expenses

$5,821

Mortgage P&I

69%

$3,361

Property Taxes

12%

$570

Home Insurance

5%

$234

HOA

0%

$0

Property Management

12%

$584

CapEx

4%

$195

Vacancy

3%

$146

Maintenance

4%

$195

Other

11%

$536

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