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300 River Island St, Merritt Island, FL 32953

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Airbnb investment with a projected -7.61% first-year return on $111k initial cash invested.

-7.61%

Cash On Cash

4.53%

Cap Rate

0.75

DSCR

$3,814

Rent

-$703

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,814 income − $4,517 expenses = $703 out of pocket

Income$3,814Out of Pocket$703Mortgage P&I$2,21858%Property Taxes$3068%Insurance$1614%Management$57215%CapEx$1534%Maintenance$1534%Other$95425%

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

$3,814

Total Expenses

$4,517

Mortgage P&I

58%

$2,218

Property Taxes

8%

$306

Home Insurance

4%

$161

HOA

0%

$0

Property Management

15%

$572

CapEx

4%

$153

Vacancy

0%

$0

Maintenance

4%

$153

Other

25%

$954

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