REI Lense

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$1,841 (target)

2202 Parkview Dr, Fort Myers, FL 33905

3 beds • 2 baths • 1237 sqft

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This property looks like a bad Long-Term investment with a projected -2.15% first-year return on $51,891 initial cash invested.

-2.15%

Cash On Cash

6.02%

Cap Rate

1

DSCR

$1,841

Rent

-$93

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,841 income − $1,934 expenses = $93 out of pocket

Income$1,841Out of Pocket$93Mortgage P&I$1,24167%Property Taxes$1267%Insurance$895%Management$18410%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$247k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,891

Downpayment

20%

$49,420

Closing costs

1%

$2,471

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,841

Total Expenses

$1,934

Mortgage P&I

67%

$1,241

Property Taxes

7%

$126

Home Insurance

5%

$89

HOA

0%

$0

Property Management

10%

$184

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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