REI Lense

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$2,073 (target)

2225 Carver Ave, Fort Myers, FL 33916

3 beds • 2 baths • 1193 sqft

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This property looks like a bad Long-Term investment with a projected -5.46% first-year return on $57,771 initial cash invested.

-5.46%

Cash On Cash

5.33%

Cap Rate

0.88

DSCR

$2,073

Rent

-$263

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,073 income − $2,336 expenses = $263 out of pocket

Income$2,073Out of Pocket$263Mortgage P&I$1,38067%Property Taxes$31715%Insurance$1005%Management$20710%CapEx$1045%Vacancy$1246%Maintenance$1045%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,771

Downpayment

20%

$55,020

Closing costs

1%

$2,751

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,073

Total Expenses

$2,336

Mortgage P&I

67%

$1,380

Property Taxes

15%

$317

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$104

Vacancy

6%

$124

Maintenance

5%

$104

Other

0%

$0

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