REI Lense

REI Lense

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$3,157 (target)

20 Ocean St, Merritt Island, FL 32952

3 beds • 2 baths • 1456 sqft

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This property might be a fair Long-Term investment with a projected 4.33% first-year return on $72,807 initial cash invested.

4.33%

Cash On Cash

7.31%

Cap Rate

1.25

DSCR

$3,157

Rent

$263

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

$72,807

Downpayment

20%

$69,340

Closing costs

1%

$3,467

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,157

Total Expenses

$2,894

Mortgage P&I

54%

$1,691

Property Taxes

8%

$256

Home Insurance

4%

$126

HOA

0%

$0

Property Management

10%

$316

CapEx

5%

$158

Vacancy

6%

$189

Maintenance

5%

$158

Other

0%

$0

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