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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 -10.08% first-year return on $124k initial cash invested.

-10.08%

Cash On Cash

3.93%

Cap Rate

0.65

DSCR

$3,997

Rent

-$1,040

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,997 income − $5,037 expenses = $1,040 out of pocket

Income$3,997Out of Pocket$1,040Mortgage P&I$2,53263%Property Taxes$3719%Insurance$2155%Management$60015%CapEx$1604%Maintenance$1604%Other$99925%

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

$3,997

Total Expenses

$5,037

Mortgage P&I

63%

$2,532

Property Taxes

9%

$371

Home Insurance

5%

$215

HOA

0%

$0

Property Management

15%

$600

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$999

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