REI Lense

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$3,881 (target)

300 River Island St, Merritt Island, FL 32953

3 beds • 2 baths • 1900 sqft

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This property might be a fair Long-Term investment with a projected 2.42% first-year return on $92,841 initial cash invested.

2.42%

Cash On Cash

7.05%

Cap Rate

1.17

DSCR

$3,881

Rent

$187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,881 income − $3,694 expenses = $187 cash flow

Income$3,881Mortgage P&I$2,21857%Property Taxes$3068%Insurance$1614%Management$38810%CapEx$1945%Vacancy$2336%Maintenance$1945%Cash Flow$187

Investment Breakdown

|

Purchase Price

$442k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,841

Downpayment

20%

$88,420

Closing costs

1%

$4,421

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,881

Total Expenses

$3,694

Mortgage P&I

57%

$2,218

Property Taxes

8%

$306

Home Insurance

4%

$161

HOA

0%

$0

Property Management

10%

$388

CapEx

5%

$194

Vacancy

6%

$233

Maintenance

5%

$194

Other

0%

$0

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