REI Lense

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$4,467 (target)

1943 Bahama Ave, Fort Myers, FL 33905

3 beds • 3 baths • 2733 sqft

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This property looks like a bad Mid-Term investment with a projected -12.63% first-year return on $213k initial cash invested.

-12.63%

Cash On Cash

3.29%

Cap Rate

0.55

DSCR

$4,467

Rent

-$2,243

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,467 income − $6,710 expenses = $2,243 out of pocket

Income$4,467Out of Pocket$2,243Mortgage P&I$4,613103%Property Taxes$2536%Insurance$3257%Management$53612%CapEx$1794%Vacancy$1343%Maintenance$1794%Other$49111%

Investment Breakdown

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Purchase Price

$929k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$213k

Downpayment

20%

$186k

Closing costs

1%

$9,290

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,467

Total Expenses

$6,710

Mortgage P&I

103%

$4,613

Property Taxes

6%

$253

Home Insurance

7%

$325

HOA

0%

$0

Property Management

12%

$536

CapEx

4%

$179

Vacancy

3%

$134

Maintenance

4%

$179

Other

11%

$491

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