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$3,861 (target)

105 CARIB DRIVE, Merritt Island, FL 32952

3 beds • 2 baths • 1529 sqft

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This property might be a fair Mid-Term investment with a projected 4.45% first-year return on $85,956 initial cash invested.

4.45%

Cash On Cash

8.4%

Cap Rate

1.26

DSCR

$3,861

Rent

$319

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,861 income − $3,542 expenses = $319 cash flow

Income$3,861Mortgage P&I$1,79146%Property Taxes$3228%Insurance$1173%Management$46312%CapEx$1544%Vacancy$1163%Maintenance$1544%Other$42511%Cash Flow$319

Investment Breakdown

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Purchase Price

$324k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,956

Downpayment

20%

$64,720

Closing costs

1%

$3,236

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,861

Total Expenses

$3,542

Mortgage P&I

46%

$1,791

Property Taxes

8%

$322

Home Insurance

3%

$117

HOA

0%

$0

Property Management

12%

$463

CapEx

4%

$154

Vacancy

3%

$116

Maintenance

4%

$154

Other

11%

$425

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