REI Lense

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$3,548 (target)

1291 Fiddler Ave, Merritt Island, FL 32952

3 beds • 2 baths • 1300 sqft

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This property might be a fair Mid-Term investment with a projected 7.57% first-year return on $83,373 initial cash invested.

7.57%

Cash On Cash

8.49%

Cap Rate

1.44

DSCR

$3,548

Rent

$526

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,548 income − $3,022 expenses = $526 cash flow

Income$3,548Mortgage P&I$1,53543%Property Taxes$1594%Insurance$1223%Management$42612%CapEx$1424%Vacancy$1063%Maintenance$1424%Other$39011%Cash Flow$526

Investment Breakdown

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Purchase Price

$311k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,373

Downpayment

20%

$62,260

Closing costs

1%

$3,113

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,548

Total Expenses

$3,022

Mortgage P&I

43%

$1,535

Property Taxes

4%

$159

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$426

CapEx

4%

$142

Vacancy

3%

$106

Maintenance

4%

$142

Other

11%

$390

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