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$3,159 (target)

1545 Plum Ave, Merritt Island, FL 32952

3 beds • 5 baths • 1040 sqft

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This property might be a fair Mid-Term investment with a projected 2.14% first-year return on $81,378 initial cash invested.

2.14%

Cash On Cash

7.31%

Cap Rate

1.17

DSCR

$3,159

Rent

$145

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,159 income − $3,014 expenses = $145 cash flow

Income$3,159Mortgage P&I$1,56750%Property Taxes$2668%Insurance$1083%Management$37912%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34711%Cash Flow$145

Investment Breakdown

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Purchase Price

$302k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,378

Downpayment

20%

$60,360

Closing costs

1%

$3,018

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,159

Total Expenses

$3,014

Mortgage P&I

50%

$1,567

Property Taxes

8%

$266

Home Insurance

3%

$108

HOA

0%

$0

Property Management

12%

$379

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$347

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