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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 -11.68% first-year return on $124k initial cash invested.

-11.68%

Cash On Cash

3.51%

Cap Rate

0.58

DSCR

$3,677

Rent

-$1,206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,677 income − $4,883 expenses = $1,206 out of pocket

Income$3,677Out of Pocket$1,206Mortgage P&I$2,53269%Property Taxes$37110%Insurance$2156%Management$55215%CapEx$1474%Maintenance$1474%Other$91925%

Investment Breakdown

|

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

$3,677

Total Expenses

$4,883

Mortgage P&I

69%

$2,532

Property Taxes

10%

$371

Home Insurance

6%

$215

HOA

0%

$0

Property Management

15%

$552

CapEx

4%

$147

Vacancy

0%

$0

Maintenance

4%

$147

Other

25%

$919

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