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1592 Coral St, Merritt Island, FL 32952

3 beds • 2 baths • 1486 sqft

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This property looks like a bad Airbnb investment with a projected -12.19% first-year return on $152k initial cash invested.

-12.19%

Cash On Cash

3.26%

Cap Rate

0.55

DSCR

$3,858

Rent

-$1,541

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,858 income − $5,399 expenses = $1,541 out of pocket

Income$3,858Out of Pocket$1,541Mortgage P&I$3,11681%Property Taxes$1965%Insurance$2366%Management$57915%CapEx$1544%Maintenance$1544%Other$96425%

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

$3,858

Total Expenses

$5,399

Mortgage P&I

81%

$3,116

Property Taxes

5%

$196

Home Insurance

6%

$236

HOA

0%

$0

Property Management

15%

$579

CapEx

4%

$154

Vacancy

0%

$0

Maintenance

4%

$154

Other

25%

$964

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