REI Lense

REI Lense

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$2,676 (target)

1930 Oakley Ave, Fort Myers, FL 33901

3 beds • 2 baths • 1366 sqft

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This property looks like a bad Long-Term investment with a projected -3.02% first-year return on $70,308 initial cash invested.

-3.02%

Cash On Cash

5.94%

Cap Rate

0.97

DSCR

$2,676

Rent

-$177

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,676 income − $2,853 expenses = $177 out of pocket

Income$2,676Out of Pocket$177Mortgage P&I$1,70164%Property Taxes$33312%Insurance$1225%Management$26810%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,308

Downpayment

20%

$66,960

Closing costs

1%

$3,348

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,676

Total Expenses

$2,853

Mortgage P&I

64%

$1,701

Property Taxes

12%

$333

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$268

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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