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4462 E Riverside Dr, Fort Myers, FL 33905

3 beds • 2 baths • 1198 sqft

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This property might be a fair Mid-Term investment with a projected 8.15% first-year return on $65,502 initial cash invested.

8.15%

Cash On Cash

9.07%

Cap Rate

1.48

DSCR

$2,770

Rent

$445

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$226k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,502

Downpayment

20%

$45,240

Closing costs

1%

$2,262

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,770

Total Expenses

$2,325

Mortgage P&I

42%

$1,154

Property Taxes

5%

$142

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$332

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$305

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