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This property looks like a bad Long-Term investment with a projected -17.01% first-year return on $121k initial cash invested.
-17.01%
Cash On Cash
2.54%
Cap Rate
0.43
DSCR
$2,390
Rent
-$1,712
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$121k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,390
Total Expenses
$4,102
Mortgage P&I
117%
$2,807
Property Taxes
20%
$472
Home Insurance
8%
$201
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$143
Maintenance
5%
$120
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
620 Jacaranda St, Merritt Island, FL 32952 | $2,200 | 3 | 2 | 1400 | 0.2 mi |
1315 Lester Ct, Merritt Island, FL 32952 | $2,350 | 3 | 2 | 1462 | 0.3 mi |
1575 Glen Haven Dr, Merritt Island, FL 32952 | $2,000 | 3 | 2 | 1347 | 0.5 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY