REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,603 (target)

1165 S Courtenay Pkwy, Merritt Island, FL 32952

3 beds • 2 baths • 1691 sqft

Email

This property looks like a bad Long-Term investment with a projected -9.23% first-year return on $89,943 initial cash invested.

-9.23%

Cash On Cash

4.47%

Cap Rate

0.74

DSCR

$2,603

Rent

-$692

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,603 income − $3,295 expenses = $692 out of pocket

Income$2,603Out of Pocket$692Mortgage P&I$2,15983%Property Taxes$30212%Insurance$1586%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

|

Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,943

Downpayment

20%

$85,660

Closing costs

1%

$4,283

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,603

Total Expenses

$3,295

Mortgage P&I

83%

$2,159

Property Taxes

12%

$302

Home Insurance

6%

$158

HOA

0%

$0

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis