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$6,896 (target)

721 Cardium St, Sanibel, FL 33957

3 beds • 3 baths • 1760 sqft

$1,290,700

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This property looks like a bad Long-Term investment with a projected -16.06% first-year return on $271k initial cash invested.

-16.06%

Cash On Cash

3.62%

Cap Rate

0.54

DSCR

$6,896

Rent

-$3,628

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,896 income − $10,524 expenses = $3,628 out of pocket

Income$6,896Out of Pocket$3,628Mortgage P&I$7,176104%Property Taxes$1,06615%Insurance$4887%Management$69010%CapEx$3455%Vacancy$4146%Maintenance$3455%

Investment Breakdown

|

Purchase Price

$1291k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$271k

Downpayment

20%

$258k

Closing costs

1%

$12,907

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$6,896

Total Expenses

$10,524

Mortgage P&I

104%

$7,176

Property Taxes

15%

$1,066

Home Insurance

7%

$488

HOA

0%

$0

Property Management

10%

$690

CapEx

5%

$345

Vacancy

6%

$414

Maintenance

5%

$345

Other

0%

$0

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