REI Lense

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$2,762 (target)

2202 Parkview Dr, Fort Myers, FL 33905

3 beds • 2 baths • 1237 sqft

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This property might be a fair Mid-Term investment with a projected 6.32% first-year return on $69,891 initial cash invested.

6.32%

Cash On Cash

8.35%

Cap Rate

1.39

DSCR

$2,762

Rent

$368

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,762 income − $2,394 expenses = $368 cash flow

Income$2,762Mortgage P&I$1,24145%Property Taxes$1265%Insurance$893%Management$33112%CapEx$1104%Vacancy$833%Maintenance$1104%Other$30411%Cash Flow$368

Investment Breakdown

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Purchase Price

$247k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,891

Downpayment

20%

$49,420

Closing costs

1%

$2,471

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,762

Total Expenses

$2,394

Mortgage P&I

45%

$1,241

Property Taxes

5%

$126

Home Insurance

3%

$89

HOA

0%

$0

Property Management

12%

$331

CapEx

4%

$110

Vacancy

3%

$83

Maintenance

4%

$110

Other

11%

$304

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