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$3,904 (target)

1165 S Courtenay Pkwy, Merritt Island, FL 32952

3 beds • 2 baths • 1691 sqft

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This property looks like a bad Mid-Term investment with a projected -0.46% first-year return on $108k initial cash invested.

-0.46%

Cash On Cash

6.37%

Cap Rate

1.05

DSCR

$3,904

Rent

-$41

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,904 income − $3,945 expenses = $41 out of pocket

Income$3,904Out of Pocket$41Mortgage P&I$2,15955%Property Taxes$3028%Insurance$1584%Management$46812%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$42911%

Investment Breakdown

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Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,660

Closing costs

1%

$4,283

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,904

Total Expenses

$3,945

Mortgage P&I

55%

$2,159

Property Taxes

8%

$302

Home Insurance

4%

$158

HOA

0%

$0

Property Management

12%

$468

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$429

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