REI Lense

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$2,988 (target)

1154 Merrick Ave NW, Palm Bay, FL 32907

3 beds • 2 baths • 1380 sqft

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This property might be a fair Mid-Term investment with a projected 9% first-year return on $69,450 initial cash invested.

9%

Cash On Cash

9.47%

Cap Rate

1.5

DSCR

$2,988

Rent

$521

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,988 income − $2,467 expenses = $521 cash flow

Income$2,988Mortgage P&I$1,29343%Property Taxes$682%Insurance$883%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%Cash Flow$521

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,988

Total Expenses

$2,467

Mortgage P&I

43%

$1,293

Property Taxes

2%

$68

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

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