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$4,588 (target)

203 SE 16th Ter, Cape Coral, FL 33990

3 beds • 2 baths • 1615 sqft

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This property might be a fair Mid-Term investment with a projected 4.94% first-year return on $102k initial cash invested.

4.94%

Cash On Cash

7.79%

Cap Rate

1.3

DSCR

$4,588

Rent

$420

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,588 income − $4,168 expenses = $420 cash flow

Income$4,588Mortgage P&I$1,99343%Property Taxes$46810%Insurance$1453%Management$55112%CapEx$1844%Vacancy$1383%Maintenance$1844%Other$50511%Cash Flow$420

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,000

Closing costs

1%

$4,000

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,588

Total Expenses

$4,168

Mortgage P&I

43%

$1,993

Property Taxes

10%

$468

Home Insurance

3%

$145

HOA

0%

$0

Property Management

12%

$551

CapEx

4%

$184

Vacancy

3%

$138

Maintenance

4%

$184

Other

11%

$505

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