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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 Airbnb investment with a projected -9.71% first-year return on $108k initial cash invested.

-9.71%

Cash On Cash

3.6%

Cap Rate

0.63

DSCR

$3,057

Rent

-$873

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

$108k

Downpayment

20%

$85,560

Closing costs

1%

$4,278

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,057

Total Expenses

$3,930

Mortgage P&I

67%

$2,034

Property Taxes

9%

$275

Home Insurance

5%

$154

HOA

0%

$0

Property Management

15%

$459

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$764

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Beds

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Distance

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5

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0.6 mi

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$1,100

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2

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$2,850

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5

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