REI Lense

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$2,497 (target)

6829 Carmelle Dr, Fort Myers, FL 33919

3 beds • 2 baths • 1697 sqft

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This property looks like a bad Long-Term investment with a projected -5.32% first-year return on $74,466 initial cash invested.

-5.32%

Cash On Cash

5.39%

Cap Rate

0.89

DSCR

$2,497

Rent

-$330

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,497 income − $2,827 expenses = $330 out of pocket

Income$2,497Out of Pocket$330Mortgage P&I$1,79972%Property Taxes$23810%Insurance$1406%Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

|

Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,466

Downpayment

20%

$70,920

Closing costs

1%

$3,546

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,497

Total Expenses

$2,827

Mortgage P&I

72%

$1,799

Property Taxes

10%

$238

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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