REI Lense

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$3,108 (target)

6665 E Tropicana Dr, Fort Myers, FL 33919

3 beds • 2 baths • 1038 sqft

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This property might be a fair Mid-Term investment with a projected 5.96% first-year return on $77,577 initial cash invested.

5.96%

Cash On Cash

8.13%

Cap Rate

1.36

DSCR

$3,108

Rent

$385

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,577

Downpayment

20%

$56,740

Closing costs

1%

$2,837

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,108

Total Expenses

$2,723

Mortgage P&I

46%

$1,414

Property Taxes

5%

$150

Home Insurance

3%

$103

HOA

0%

$0

Property Management

12%

$373

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$342

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