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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 -8.15% first-year return on $111k initial cash invested.

-8.15%

Cash On Cash

4.38%

Cap Rate

0.73

DSCR

$3,717

Rent

-$753

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,717 income − $4,470 expenses = $753 out of pocket

Income$3,717Out of Pocket$753Mortgage P&I$2,21860%Property Taxes$3068%Insurance$1614%Management$55815%CapEx$1494%Maintenance$1494%Other$92925%

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

$3,717

Total Expenses

$4,470

Mortgage P&I

60%

$2,218

Property Taxes

8%

$306

Home Insurance

4%

$161

HOA

0%

$0

Property Management

15%

$558

CapEx

4%

$149

Vacancy

0%

$0

Maintenance

4%

$149

Other

25%

$929

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