REI Lense

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$3,863 (target)

413 SE 6th St, Cape Coral, FL 33990

3 beds • 2 baths • 2017 sqft

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This property looks like a bad Long-Term investment with a projected -6.18% first-year return on $116k initial cash invested.

-6.18%

Cash On Cash

5.15%

Cap Rate

0.85

DSCR

$3,863

Rent

-$595

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,863 income − $4,458 expenses = $595 out of pocket

Income$3,863Out of Pocket$595Mortgage P&I$2,76271%Property Taxes$50013%Insurance$1925%Management$38610%CapEx$1935%Vacancy$2326%Maintenance$1935%

Investment Breakdown

|

Purchase Price

$550k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$110k

Closing costs

1%

$5,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,863

Total Expenses

$4,458

Mortgage P&I

72%

$2,762

Property Taxes

13%

$500

Home Insurance

5%

$192

HOA

0%

$0

Property Management

10%

$386

CapEx

5%

$193

Vacancy

6%

$232

Maintenance

5%

$193

Other

0%

$0

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