REI Lense

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$2,365 (target)

1291 Fiddler Ave, Merritt Island, FL 32952

3 beds • 2 baths • 1300 sqft

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This property looks like a bad Long-Term investment with a projected -1.19% first-year return on $65,373 initial cash invested.

-1.19%

Cash On Cash

6.12%

Cap Rate

1.03

DSCR

$2,365

Rent

-$65

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,365 income − $2,430 expenses = $65 out of pocket

Income$2,365Out of Pocket$65Mortgage P&I$1,53565%Property Taxes$1597%Insurance$1225%Management$23610%CapEx$1185%Vacancy$1426%Maintenance$1185%

Investment Breakdown

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Purchase Price

$311k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,373

Downpayment

20%

$62,260

Closing costs

1%

$3,113

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,365

Total Expenses

$2,430

Mortgage P&I

65%

$1,535

Property Taxes

7%

$159

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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