REI Lense

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$2,341 (target)

2942 40th AVE SE, Naples, FL 34117

3 beds • 2 baths • 1026 sqft

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This property looks like a bad Long-Term investment with a projected -10.81% first-year return on $99,015 initial cash invested.

-10.81%

Cash On Cash

4.01%

Cap Rate

0.67

DSCR

$2,341

Rent

-$892

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,341 income − $3,233 expenses = $892 out of pocket

Income$2,341Out of Pocket$892Mortgage P&I$2,350100%Property Taxes$1034%Insurance$1727%Management$23410%CapEx$1175%Vacancy$1406%Maintenance$1175%

Investment Breakdown

|

Purchase Price

$472k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,015

Downpayment

20%

$94,300

Closing costs

1%

$4,715

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,341

Total Expenses

$3,233

Mortgage P&I

100%

$2,350

Property Taxes

4%

$103

Home Insurance

7%

$172

HOA

0%

$0

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$140

Maintenance

5%

$117

Other

0%

$0

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