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$5,598 (target)

1592 Coral St, Merritt Island, FL 32952

3 beds • 2 baths • 1486 sqft

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This property might be a fair Mid-Term investment with a projected 1.16% first-year return on $152k initial cash invested.

1.16%

Cash On Cash

6.57%

Cap Rate

1.12

DSCR

$5,598

Rent

$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,598 income − $5,452 expenses = $146 cash flow

Income$5,598Mortgage P&I$3,11656%Property Taxes$1964%Insurance$2364%Management$67212%CapEx$2244%Vacancy$1683%Maintenance$2244%Other$61611%Cash Flow$146

Investment Breakdown

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Purchase Price

$636k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$127k

Closing costs

1%

$6,364

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,598

Total Expenses

$5,452

Mortgage P&I

56%

$3,116

Property Taxes

4%

$196

Home Insurance

4%

$236

HOA

0%

$0

Property Management

12%

$672

CapEx

4%

$224

Vacancy

3%

$168

Maintenance

4%

$224

Other

11%

$616

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