REI Lense

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$3,200 (target)

380 New York Dr, Fort Myers, FL 33905

3 beds • 2 baths • 1356 sqft

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This property might be a fair Mid-Term investment with a projected 6.29% first-year return on $72,495 initial cash invested.

6.29%

Cash On Cash

8.98%

Cap Rate

1.35

DSCR

$3,200

Rent

$380

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,200 income − $2,820 expenses = $380 cash flow

Income$3,200Mortgage P&I$1,43545%Property Taxes$2016%Insurance$963%Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%Cash Flow$380

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,495

Downpayment

20%

$51,900

Closing costs

1%

$2,595

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,200

Total Expenses

$2,820

Mortgage P&I

45%

$1,435

Property Taxes

6%

$201

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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