REI Lense

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$3,746 (target)

6829 Carmelle Dr, Fort Myers, FL 33919

3 beds • 2 baths • 1697 sqft

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This property might be a fair Mid-Term investment with a projected 3.83% first-year return on $92,466 initial cash invested.

3.83%

Cash On Cash

7.59%

Cap Rate

1.25

DSCR

$3,746

Rent

$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,746 income − $3,451 expenses = $295 cash flow

Income$3,746Mortgage P&I$1,79948%Property Taxes$2386%Insurance$1404%Management$45012%CapEx$1504%Vacancy$1123%Maintenance$1504%Other$41211%Cash Flow$295

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,466

Downpayment

20%

$70,920

Closing costs

1%

$3,546

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,746

Total Expenses

$3,451

Mortgage P&I

48%

$1,799

Property Taxes

6%

$238

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$450

CapEx

4%

$150

Vacancy

3%

$112

Maintenance

4%

$150

Other

11%

$412

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