REI Lense

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$2,581 (target)

841 NE 6th Ave, Cape Coral, FL 33909

3 beds • 2 baths • 1458 sqft

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This property looks like a bad Long-Term investment with a projected -1.27% first-year return on $67,200 initial cash invested.

-1.27%

Cash On Cash

6.09%

Cap Rate

1.04

DSCR

$2,581

Rent

-$71

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,581 income − $2,652 expenses = $71 out of pocket

Income$2,581Out of Pocket$71Mortgage P&I$1,56761%Property Taxes$30212%Insurance$1124%Management$25810%CapEx$1295%Vacancy$1556%Maintenance$1295%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,581

Total Expenses

$2,652

Mortgage P&I

61%

$1,567

Property Taxes

12%

$302

Home Insurance

4%

$112

HOA

0%

$0

Property Management

10%

$258

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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