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9104 King RD W, Fort Myers, FL 33967

3 beds • 2 baths • 1038 sqft

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This property looks like a bad Airbnb investment with a projected -6.4% first-year return on $82,848 initial cash invested.

-6.4%

Cash On Cash

4.6%

Cap Rate

0.77

DSCR

$2,429

Rent

-$442

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,429 income − $2,871 expenses = $442 out of pocket

Income$2,429Out of Pocket$442Mortgage P&I$1,52863%Property Taxes$663%Insurance$1125%Management$36415%CapEx$974%Maintenance$974%Other$60725%

Investment Breakdown

|

Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,848

Downpayment

20%

$61,760

Closing costs

1%

$3,088

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,429

Total Expenses

$2,871

Mortgage P&I

63%

$1,528

Property Taxes

3%

$66

Home Insurance

5%

$112

HOA

0%

$0

Property Management

15%

$364

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$607

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