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$3,446 (target)

2008 Lotus Rd, Fort Myers, FL 33905

3 beds • 2 baths • 1400 sqft

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This property could be a profitable Mid-Term investment with a projected 10.38% first-year return on $69,450 initial cash invested.

10.38%

Cash On Cash

10.18%

Cap Rate

1.55

DSCR

$3,446

Rent

$601

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,446 income − $2,845 expenses = $601 cash flow

Income$3,446Mortgage P&I$1,33939%Property Taxes$2487%Insurance$862%Management$41412%CapEx$1384%Vacancy$1033%Maintenance$1384%Other$37911%Cash Flow$601

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,446

Total Expenses

$2,845

Mortgage P&I

39%

$1,339

Property Taxes

7%

$248

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$414

CapEx

4%

$138

Vacancy

3%

$103

Maintenance

4%

$138

Other

11%

$379

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