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$4,185 (target)

210 Florida Blvd, Merritt Island, FL 32953

3 beds • 2 baths • 1775 sqft

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This property might be a fair Mid-Term investment with a projected 6.47% first-year return on $101k initial cash invested.

6.47%

Cash On Cash

8.08%

Cap Rate

1.37

DSCR

$4,185

Rent

$542

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,185 income − $3,643 expenses = $542 cash flow

Income$4,185Mortgage P&I$1,93946%Property Taxes$1443%Insurance$1303%HOA$8Management$50212%CapEx$1674%Vacancy$1263%Maintenance$1674%Other$46011%Cash Flow$542

Investment Breakdown

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Purchase Price

$393k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$78,640

Closing costs

1%

$3,932

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,185

Total Expenses

$3,643

Mortgage P&I

46%

$1,939

Property Taxes

3%

$144

Home Insurance

3%

$130

HOA

0%

$8

Property Management

12%

$502

CapEx

4%

$167

Vacancy

3%

$126

Maintenance

4%

$167

Other

11%

$460

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