REI Lense

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$2,388 (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 Long-Term investment with a projected -10.46% first-year return on $78,351 initial cash invested.

-10.46%

Cash On Cash

4.59%

Cap Rate

0.72

DSCR

$2,388

Rent

-$683

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,388 income − $3,071 expenses = $683 out of pocket

Income$2,388Out of Pocket$683Mortgage P&I$1,99083%Property Taxes$32514%Insurance$1366%Management$23910%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$373k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,351

Downpayment

20%

$74,620

Closing costs

1%

$3,731

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,388

Total Expenses

$3,071

Mortgage P&I

83%

$1,990

Property Taxes

14%

$325

Home Insurance

6%

$136

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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