REI Lense

REI Lense

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$2,297 (target)

2008 Lotus Rd, Fort Myers, FL 33905

3 beds • 2 baths • 1400 sqft

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This property might be a fair Long-Term investment with a projected 0.61% first-year return on $51,450 initial cash invested.

0.61%

Cash On Cash

7.25%

Cap Rate

1.11

DSCR

$2,297

Rent

$26

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,297 income − $2,271 expenses = $26 cash flow

Income$2,297Mortgage P&I$1,33958%Property Taxes$24811%Insurance$864%Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%Cash Flow$26

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,297

Total Expenses

$2,271

Mortgage P&I

58%

$1,339

Property Taxes

11%

$248

Home Insurance

4%

$86

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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