REI Lense

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$3,174 (target)

8681 Banyan Bay BLVD, Fort Myers, FL 33908

3 beds • 2 baths • 2013 sqft

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This property looks like a bad Long-Term investment with a projected -10.65% first-year return on $91,119 initial cash invested.

-10.65%

Cash On Cash

4.54%

Cap Rate

0.72

DSCR

$3,174

Rent

-$809

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,174 income − $3,983 expenses = $809 out of pocket

Income$3,174Out of Pocket$809Mortgage P&I$2,29072%Property Taxes$47015%Insurance$1585%HOA$2408%Management$31710%CapEx$1595%Vacancy$1906%Maintenance$1595%

Investment Breakdown

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Purchase Price

$434k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,119

Downpayment

20%

$86,780

Closing costs

1%

$4,339

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,174

Total Expenses

$3,983

Mortgage P&I

72%

$2,290

Property Taxes

15%

$470

Home Insurance

5%

$158

HOA

8%

$240

Property Management

10%

$317

CapEx

5%

$159

Vacancy

6%

$190

Maintenance

5%

$159

Other

0%

$0

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