REI Lense

REI Lense

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$4,014 (target)

1930 Oakley Ave, Fort Myers, FL 33901

3 beds • 2 baths • 1366 sqft

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This property might be a fair Mid-Term investment with a projected 6.69% first-year return on $88,308 initial cash invested.

6.69%

Cash On Cash

8.44%

Cap Rate

1.38

DSCR

$4,014

Rent

$492

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,014 income − $3,522 expenses = $492 cash flow

Income$4,014Mortgage P&I$1,70142%Property Taxes$3338%Insurance$1223%Management$48212%CapEx$1614%Vacancy$1203%Maintenance$1614%Other$44211%Cash Flow$492

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,308

Downpayment

20%

$66,960

Closing costs

1%

$3,348

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,014

Total Expenses

$3,522

Mortgage P&I

42%

$1,701

Property Taxes

8%

$333

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$482

CapEx

4%

$161

Vacancy

3%

$120

Maintenance

4%

$161

Other

11%

$442

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