REI Lense

REI Lense

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$3,378 (target)

1035 Molaki Dr, Merritt Island, FL 32953

3 beds • 2 baths • 1487 sqft

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This property looks like a bad Mid-Term investment with a projected -8.6% first-year return on $124k initial cash invested.

-8.6%

Cash On Cash

4.23%

Cap Rate

0.7

DSCR

$3,378

Rent

-$888

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$3,378

Total Expenses

$4,266

Mortgage P&I

75%

$2,532

Property Taxes

11%

$371

Home Insurance

6%

$215

HOA

0%

$0

Property Management

12%

$405

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$372

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