REI Lense

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$2,948 (target)

2403 Cherry Ct, Lehigh Acres, FL 33936

3 beds • 2 baths • 1936 sqft

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This property looks like a bad Mid-Term investment with a projected -2.85% first-year return on $90,660 initial cash invested.

-2.85%

Cash On Cash

5.81%

Cap Rate

0.95

DSCR

$2,948

Rent

-$215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,948 income − $3,163 expenses = $215 out of pocket

Income$2,948Out of Pocket$215Mortgage P&I$1,77260%Property Taxes$2659%Insurance$1244%Management$35412%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%

Investment Breakdown

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Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,660

Downpayment

20%

$69,200

Closing costs

1%

$3,460

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,948

Total Expenses

$3,163

Mortgage P&I

60%

$1,772

Property Taxes

9%

$265

Home Insurance

4%

$124

HOA

0%

$0

Property Management

12%

$354

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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