REI Lense

REI Lense

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$1,872 (target)

2222 SE 15th St, Cape Coral, FL 33990

3 beds • 2 baths • 1621 sqft

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This property looks like a bad Long-Term investment with a projected -11.34% first-year return on $60,732 initial cash invested.

-11.34%

Cash On Cash

4.62%

Cap Rate

0.7

DSCR

$1,872

Rent

-$574

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,872 income − $2,446 expenses = $574 out of pocket

Income$1,872Out of Pocket$574Mortgage P&I$1,59385%Property Taxes$26214%Insurance$1046%Management$18710%CapEx$945%Vacancy$1126%Maintenance$945%

Investment Breakdown

|

Purchase Price

$289k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,732

Downpayment

20%

$57,840

Closing costs

1%

$2,892

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,872

Total Expenses

$2,446

Mortgage P&I

85%

$1,593

Property Taxes

14%

$262

Home Insurance

6%

$104

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$94

Vacancy

6%

$112

Maintenance

5%

$94

Other

0%

$0

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