REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$5,822 (target)

300 River Island St, Merritt Island, FL 32953

3 beds • 2 baths • 1900 sqft

Email

This property could be a profitable Mid-Term investment with a projected 12.53% first-year return on $111k initial cash invested.

12.53%

Cash On Cash

9.79%

Cap Rate

1.63

DSCR

$5,822

Rent

$1,157

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,822 income − $4,665 expenses = $1,157 cash flow

Income$5,822Mortgage P&I$2,21838%Property Taxes$3065%Insurance$1613%Management$69912%CapEx$2334%Vacancy$1753%Maintenance$2334%Other$64011%Cash Flow$1,157

Investment Breakdown

|

Purchase Price

$442k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,420

Closing costs

1%

$4,421

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,822

Total Expenses

$4,665

Mortgage P&I

38%

$2,218

Property Taxes

5%

$306

Home Insurance

3%

$161

HOA

0%

$0

Property Management

12%

$699

CapEx

4%

$233

Vacancy

3%

$175

Maintenance

4%

$233

Other

11%

$640

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis