REI Lense

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$3,732 (target)

1592 Coral St, Merritt Island, FL 32952

3 beds • 2 baths • 1486 sqft

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This property looks like a bad Long-Term investment with a projected -7.07% first-year return on $134k initial cash invested.

-7.07%

Cash On Cash

4.74%

Cap Rate

0.81

DSCR

$3,732

Rent

-$787

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,732 income − $4,519 expenses = $787 out of pocket

Income$3,732Out of Pocket$787Mortgage P&I$3,11683%Property Taxes$1965%Insurance$2366%Management$37310%CapEx$1875%Vacancy$2246%Maintenance$1875%

Investment Breakdown

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Purchase Price

$636k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$127k

Closing costs

1%

$6,364

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,732

Total Expenses

$4,519

Mortgage P&I

83%

$3,116

Property Taxes

5%

$196

Home Insurance

6%

$236

HOA

0%

$0

Property Management

10%

$373

CapEx

5%

$187

Vacancy

6%

$224

Maintenance

5%

$187

Other

0%

$0

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