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$2,918 (target)

10224 Merrimac Manor Dr, Riverview, FL 33578

3 beds • 3 baths • 2182 sqft

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This property looks like a bad Long-Term investment with a projected -11.95% first-year return on $94,500 initial cash invested.

-11.95%

Cash On Cash

3.93%

Cap Rate

0.65

DSCR

$2,918

Rent

-$941

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,918 income − $3,859 expenses = $941 out of pocket

Income$2,918Out of Pocket$941Mortgage P&I$2,26878%Property Taxes$66223%Insurance$1585%HOA$12Management$29210%CapEx$1465%Vacancy$1756%Maintenance$1465%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,500

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,918

Total Expenses

$3,859

Mortgage P&I

78%

$2,268

Property Taxes

23%

$662

Home Insurance

5%

$158

HOA

0%

$12

Property Management

10%

$292

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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