REI Lense

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$2,726 (target)

9104 King RD W, Fort Myers, FL 33967

3 beds • 2 baths • 1038 sqft

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This property might be a fair Mid-Term investment with a projected 1.35% first-year return on $82,848 initial cash invested.

1.35%

Cash On Cash

6.72%

Cap Rate

1.13

DSCR

$2,726

Rent

$93

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,726 income − $2,633 expenses = $93 cash flow

Income$2,726Mortgage P&I$1,52856%Property Taxes$662%Insurance$1124%Management$32712%CapEx$1094%Vacancy$823%Maintenance$1094%Other$30011%Cash Flow$93

Investment Breakdown

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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

$2,726

Total Expenses

$2,633

Mortgage P&I

56%

$1,528

Property Taxes

2%

$66

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$300

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