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$3,024 (target)

1655 S Shelter Trl, Merritt Island, FL 32952

3 beds • 2 baths • 1630 sqft

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This property looks like a bad Long-Term investment with a projected -13.04% first-year return on $118k initial cash invested.

-13.04%

Cash On Cash

3.72%

Cap Rate

0.61

DSCR

$3,024

Rent

-$1,278

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,024 income − $4,302 expenses = $1,278 out of pocket

Income$3,024Out of Pocket$1,278Mortgage P&I$2,86295%Property Taxes$45915%Insurance$1966%Management$30210%CapEx$1515%Vacancy$1816%Maintenance$1515%

Investment Breakdown

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Purchase Price

$560k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$112k

Closing costs

1%

$5,600

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,024

Total Expenses

$4,302

Mortgage P&I

95%

$2,862

Property Taxes

15%

$459

Home Insurance

6%

$196

HOA

0%

$0

Property Management

10%

$302

CapEx

5%

$151

Vacancy

6%

$181

Maintenance

5%

$151

Other

0%

$0

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