REI Lense

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$4,736 (target)

20 Ocean St, Merritt Island, FL 32952

3 beds • 2 baths • 1456 sqft

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This property could be a profitable Mid-Term investment with a projected 13.93% first-year return on $90,807 initial cash invested.

13.93%

Cash On Cash

10.16%

Cap Rate

1.74

DSCR

$4,736

Rent

$1,054

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$347k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,807

Downpayment

20%

$69,340

Closing costs

1%

$3,467

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,736

Total Expenses

$3,682

Mortgage P&I

36%

$1,691

Property Taxes

5%

$256

Home Insurance

3%

$126

HOA

0%

$0

Property Management

12%

$568

CapEx

4%

$189

Vacancy

3%

$142

Maintenance

4%

$189

Other

11%

$521

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