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$3,164 (target)

2303R Ben St, Fort Myers, FL 33916

3 beds • 2 baths • 1595 sqft

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This property might be a fair Mid-Term investment with a projected 5.9% first-year return on $73,398 initial cash invested.

5.9%

Cash On Cash

8.25%

Cap Rate

1.37

DSCR

$3,164

Rent

$361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,164 income − $2,803 expenses = $361 cash flow

Income$3,164Mortgage P&I$1,32642%Property Taxes$30810%Insurance$923%Management$38012%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34811%Cash Flow$361

Investment Breakdown

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Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,398

Downpayment

20%

$52,760

Closing costs

1%

$2,638

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,164

Total Expenses

$2,803

Mortgage P&I

42%

$1,326

Property Taxes

10%

$308

Home Insurance

3%

$92

HOA

0%

$0

Property Management

12%

$380

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$348

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