REI Lense

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$4,818 (target)

700 Astarias Cir, Fort Myers, FL 33919

3 beds • 2 baths • 1953 sqft

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This property might be a fair Mid-Term investment with a projected 6.31% first-year return on $110k initial cash invested.

6.31%

Cash On Cash

8.15%

Cap Rate

1.35

DSCR

$4,818

Rent

$578

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,818 income − $4,240 expenses = $578 cash flow

Income$4,818Mortgage P&I$2,20346%Property Taxes$2355%Insurance$1633%Management$57812%CapEx$1934%Vacancy$1453%Maintenance$1934%Other$53011%Cash Flow$578

Investment Breakdown

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Purchase Price

$438k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,600

Closing costs

1%

$4,380

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,818

Total Expenses

$4,240

Mortgage P&I

46%

$2,203

Property Taxes

5%

$235

Home Insurance

3%

$163

HOA

0%

$0

Property Management

12%

$578

CapEx

4%

$193

Vacancy

3%

$145

Maintenance

4%

$193

Other

11%

$530

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