REI Lense

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$2,299 (target)

8168 Albatross Rd, Fort Myers, FL 33967

3 beds • 2 baths • 1145 sqft

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This property might be a fair Long-Term investment with a projected 3.73% first-year return on $54,390 initial cash invested.

3.73%

Cash On Cash

7.7%

Cap Rate

1.21

DSCR

$2,299

Rent

$169

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,299 income − $2,130 expenses = $169 cash flow

Income$2,299Mortgage P&I$1,37760%Property Taxes$643%Insurance$914%Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%Cash Flow$169

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,390

Downpayment

20%

$51,800

Closing costs

1%

$2,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,299

Total Expenses

$2,130

Mortgage P&I

60%

$1,377

Property Taxes

3%

$64

Home Insurance

4%

$91

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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