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8950 Bracken WAY, Fort Myers, FL 33908

3 beds • 2 baths • 2194 sqft

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This property looks like a bad Airbnb investment with a projected -21.18% first-year return on $107k initial cash invested.

-21.18%

Cash On Cash

1%

Cap Rate

0.16

DSCR

$1,916

Rent

-$1,887

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,916 income − $3,803 expenses = $1,887 out of pocket

Income$1,916Out of Pocket$1,887Mortgage P&I$2,161113%Property Taxes$43423%Insurance$1568%HOA$1327%Management$28715%CapEx$774%Maintenance$774%Other$47925%

Investment Breakdown

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Purchase Price

$423k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,660

Closing costs

1%

$4,233

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,916

Total Expenses

$3,803

Mortgage P&I

113%

$2,161

Property Taxes

23%

$434

Home Insurance

8%

$156

HOA

7%

$132

Property Management

15%

$287

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$479

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