REI Lense

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$2,978 (target)

1943 Bahama Ave, Fort Myers, FL 33905

3 beds • 3 baths • 2733 sqft

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This property looks like a bad Long-Term investment with a projected -18.38% first-year return on $195k initial cash invested.

-18.38%

Cash On Cash

2.29%

Cap Rate

0.38

DSCR

$2,978

Rent

-$2,988

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,978 income − $5,966 expenses = $2,988 out of pocket

Income$2,978Out of Pocket$2,988Mortgage P&I$4,613155%Property Taxes$2538%Insurance$32511%Management$29810%CapEx$1495%Vacancy$1796%Maintenance$1495%

Investment Breakdown

|

Purchase Price

$929k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$195k

Downpayment

20%

$186k

Closing costs

1%

$9,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,978

Total Expenses

$5,966

Mortgage P&I

155%

$4,613

Property Taxes

9%

$253

Home Insurance

11%

$325

HOA

0%

$0

Property Management

10%

$298

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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