REI Lense

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$2,252 (target)

1035 Molaki Dr, Merritt Island, FL 32953

3 beds • 2 baths • 1487 sqft

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This property looks like a bad Long-Term investment with a projected -16.46% first-year return on $106k initial cash invested.

-16.46%

Cash On Cash

2.84%

Cap Rate

0.47

DSCR

$2,252

Rent

-$1,452

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,252 income − $3,704 expenses = $1,452 out of pocket

Income$2,252Out of Pocket$1,452Mortgage P&I$2,532112%Property Taxes$37116%Insurance$21510%Management$22510%CapEx$1135%Vacancy$1356%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$504k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,041

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,252

Total Expenses

$3,704

Mortgage P&I

112%

$2,532

Property Taxes

16%

$371

Home Insurance

10%

$215

HOA

0%

$0

Property Management

10%

$225

CapEx

5%

$113

Vacancy

6%

$135

Maintenance

5%

$113

Other

0%

$0

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