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1035 Molaki Dr, Merritt Island, FL 32953

3 beds • 2 baths • 1487 sqft

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This property looks like a bad Airbnb investment with a projected -11.12% first-year return on $124k initial cash invested.

-11.12%

Cash On Cash

3.65%

Cap Rate

0.61

DSCR

$3,786

Rent

-$1,148

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,786 income − $4,934 expenses = $1,148 out of pocket

Income$3,786Out of Pocket$1,148Mortgage P&I$2,53267%Property Taxes$37110%Insurance$2156%Management$56815%CapEx$1514%Maintenance$1514%Other$94625%

Investment Breakdown

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Purchase Price

$504k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,041

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,786

Total Expenses

$4,934

Mortgage P&I

67%

$2,532

Property Taxes

10%

$371

Home Insurance

6%

$215

HOA

0%

$0

Property Management

15%

$568

CapEx

4%

$151

Vacancy

0%

$0

Maintenance

4%

$151

Other

25%

$946

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