REI Lense

REI Lense

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$3,697 (target)

3538 Knollwood Rd, Fort Myers, FL 33919

3 beds • 2 baths • 2254 sqft

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This property might be a fair Long-Term investment with a projected 2.72% first-year return on $94,479 initial cash invested.

2.72%

Cash On Cash

7.27%

Cap Rate

1.17

DSCR

$3,697

Rent

$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,697 income − $3,483 expenses = $214 cash flow

Income$3,697Mortgage P&I$2,32663%Property Taxes$291%Insurance$1664%Management$37010%CapEx$1855%Vacancy$2226%Maintenance$1855%Cash Flow$214

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,479

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,697

Total Expenses

$3,483

Mortgage P&I

63%

$2,326

Property Taxes

1%

$29

Home Insurance

4%

$166

HOA

0%

$0

Property Management

10%

$370

CapEx

5%

$185

Vacancy

6%

$222

Maintenance

5%

$185

Other

0%

$0

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