REI Lense

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$3,525 (target)

2702 Nature Pointe Loop, Fort Myers, FL 33905

3 beds • 2 baths • 2005 sqft

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This property might be a fair Mid-Term investment with a projected 8.81% first-year return on $77,640 initial cash invested.

8.81%

Cash On Cash

9.65%

Cap Rate

1.45

DSCR

$3,525

Rent

$570

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,525 income − $2,955 expenses = $570 cash flow

Income$3,525Mortgage P&I$1,57245%Property Taxes$301%Insurance$993%HOA$552%Management$42312%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38811%Cash Flow$570

Investment Breakdown

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Purchase Price

$284k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,640

Downpayment

20%

$56,800

Closing costs

1%

$2,840

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,525

Total Expenses

$2,955

Mortgage P&I

45%

$1,572

Property Taxes

1%

$30

Home Insurance

3%

$99

HOA

2%

$55

Property Management

12%

$423

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$388

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