REI Lense

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$1,833 (target)

923 NE 9th Ter, Cape Coral, FL 33909

3 beds • 2 baths • 1639 sqft

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This property looks like a bad Long-Term investment with a projected -9.42% first-year return on $62,307 initial cash invested.

-9.42%

Cash On Cash

4.5%

Cap Rate

0.74

DSCR

$1,833

Rent

-$489

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,833 income − $2,322 expenses = $489 out of pocket

Income$1,833Out of Pocket$489Mortgage P&I$1,50982%Property Taxes$22912%Insurance$1076%Management$18310%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$297k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,307

Downpayment

20%

$59,340

Closing costs

1%

$2,967

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,833

Total Expenses

$2,322

Mortgage P&I

82%

$1,509

Property Taxes

12%

$229

Home Insurance

6%

$107

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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