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$3,582 (target)

7402 Sea Island Rd, Fort Myers, FL 33967

3 beds • 2 baths • 1648 sqft

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This property looks like a bad Mid-Term investment with a projected -1.07% first-year return on $96,351 initial cash invested.

-1.07%

Cash On Cash

6.58%

Cap Rate

1.03

DSCR

$3,582

Rent

-$86

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,582 income − $3,668 expenses = $86 out of pocket

Income$3,582Out of Pocket$86Mortgage P&I$1,99056%Property Taxes$3259%Insurance$1364%Management$43012%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39411%

Investment Breakdown

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Purchase Price

$373k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,351

Downpayment

20%

$74,620

Closing costs

1%

$3,731

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,582

Total Expenses

$3,668

Mortgage P&I

56%

$1,990

Property Taxes

9%

$325

Home Insurance

4%

$136

HOA

0%

$0

Property Management

12%

$430

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$394

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