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218 NW 22nd Ave, Cape Coral, FL 33993

3 beds • 2 baths • 2248 sqft

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This property looks like a bad Long-Term investment with a projected -9.68% first-year return on $89,838 initial cash invested.

-9.68%

Cash On Cash

4%

Cap Rate

0.7

DSCR

$2,350

Rent

-$725

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$428k

Downpayment

20.0%

Interest Rate

5.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,838

Downpayment

20%

$85,560

Closing costs

1%

$4,278

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,350

Total Expenses

$3,075

Mortgage P&I

87%

$2,034

Property Taxes

12%

$275

Home Insurance

7%

$154

HOA

0%

$0

Property Management

10%

$235

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

2101 Nw 8th Ter, Cape Coral, FL 33993

$2,100

3

2

2246

0.8 mi

1917 Sw Embers Ter, Cape Coral, FL 33991

$2,800

3

2

2198

0.5 mi

129 Nw 27th Pl, Cape Coral, FL 33993

$2,750

3

2

2198

0.7 mi

1720 Nw 9th Ter, Cape Coral, FL 33993

$1,865

3

2

2185

1 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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