REI Lense

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$4,310 (target)

22589 Island Lakes DR, Estero, FL 33928

3 beds • 2 baths • 1734 sqft

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This property looks like a bad Mid-Term investment with a projected -5.81% first-year return on $138k initial cash invested.

-5.81%

Cash On Cash

4.87%

Cap Rate

0.82

DSCR

$4,310

Rent

-$668

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,310 income − $4,978 expenses = $668 out of pocket

Income$4,310Out of Pocket$668Mortgage P&I$2,81165%Property Taxes$3628%Insurance$2085%HOA$1333%Management$51712%CapEx$1724%Vacancy$1293%Maintenance$1724%Other$47411%

Investment Breakdown

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Purchase Price

$571k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$114k

Closing costs

1%

$5,710

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,310

Total Expenses

$4,978

Mortgage P&I

65%

$2,811

Property Taxes

8%

$362

Home Insurance

5%

$208

HOA

3%

$133

Property Management

12%

$517

CapEx

4%

$172

Vacancy

3%

$129

Maintenance

4%

$172

Other

11%

$474

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