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6561 E Town And River Dr, Fort Myers, FL 33919

3 beds • 2 baths • 1482 sqft

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This property looks like a bad Airbnb investment with a projected -10.04% first-year return on $102k initial cash invested.

-10.04%

Cash On Cash

3.88%

Cap Rate

0.64

DSCR

$2,837

Rent

-$853

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,837 income − $3,690 expenses = $853 out of pocket

Income$2,837Out of Pocket$853Mortgage P&I$2,03472%Property Taxes$1465%Insurance$1495%Management$42615%CapEx$1134%Maintenance$1134%Other$70925%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,837

Total Expenses

$3,690

Mortgage P&I

72%

$2,034

Property Taxes

5%

$146

Home Insurance

5%

$149

HOA

0%

$0

Property Management

15%

$426

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$709

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