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$8,886 (target)

8618 Banyan Bay BLVD, Fort Myers, FL 33908

3 beds • 2 baths • 1998 sqft

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This property could be a profitable Mid-Term investment with a projected 21.43% first-year return on $124k initial cash invested.

21.43%

Cash On Cash

12.27%

Cap Rate

1.99

DSCR

$8,886

Rent

$2,215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,886 income − $6,671 expenses = $2,215 cash flow

Income$8,886Mortgage P&I$2,59229%Property Taxes$6067%Insurance$1862%HOA$2673%Management$1,06612%CapEx$3554%Vacancy$2673%Maintenance$3554%Other$97711%Cash Flow$2,215

Investment Breakdown

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Purchase Price

$505k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,049

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$8,886

Total Expenses

$6,671

Mortgage P&I

29%

$2,592

Property Taxes

7%

$606

Home Insurance

2%

$186

HOA

3%

$267

Property Management

12%

$1,066

CapEx

4%

$355

Vacancy

3%

$267

Maintenance

4%

$355

Other

11%

$977

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