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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 -11.31% first-year return on $152k initial cash invested.

-11.31%

Cash On Cash

3.49%

Cap Rate

0.59

DSCR

$4,075

Rent

-$1,429

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,075 income − $5,504 expenses = $1,429 out of pocket

Income$4,075Out of Pocket$1,429Mortgage P&I$3,11676%Property Taxes$1965%Insurance$2366%Management$61115%CapEx$1634%Maintenance$1634%Other$1,01925%

Investment Breakdown

|

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

$4,075

Total Expenses

$5,504

Mortgage P&I

76%

$3,116

Property Taxes

5%

$196

Home Insurance

6%

$236

HOA

0%

$0

Property Management

15%

$611

CapEx

4%

$163

Vacancy

0%

$0

Maintenance

4%

$163

Other

25%

$1,019

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