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506 SE 24th St, Cape Coral, FL 33990

3 beds • 3 baths • 2516 sqft

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This property looks like a bad Long-Term investment with a projected -15.92% first-year return on $135k initial cash invested.

-15.92%

Cash On Cash

2.68%

Cap Rate

0.46

DSCR

$2,670

Rent

-$1,797

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$645k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$129k

Closing costs

1%

$6,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,670

Total Expenses

$4,467

Mortgage P&I

116%

$3,104

Property Taxes

17%

$442

Home Insurance

8%

$226

HOA

0%

$0

Property Management

10%

$267

CapEx

5%

$134

Vacancy

6%

$160

Maintenance

5%

$134

Other

0%

$0

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Comparable Property

Rent

Beds

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SQFT

Distance

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1.3 mi

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2

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0.6 mi

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2

1

2020

0.9 mi

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$2,850

5

4

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0.6 mi

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$1,100

2

1

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0.9 mi

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$2,850

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0.6 mi

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