REI Lense

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$3,916 (target)

305 Marlin Dr, Merritt Island, FL 32952

3 beds • 2 baths • 1704 sqft

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This property might be a fair Mid-Term investment with a projected 8.69% first-year return on $89,295 initial cash invested.

8.69%

Cash On Cash

8.76%

Cap Rate

1.48

DSCR

$3,916

Rent

$647

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,916 income − $3,269 expenses = $647 cash flow

Income$3,916Mortgage P&I$1,67543%Property Taxes$1434%Insurance$1193%Management$47012%CapEx$1574%Vacancy$1173%Maintenance$1574%Other$43111%Cash Flow$647

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,295

Downpayment

20%

$67,900

Closing costs

1%

$3,395

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,916

Total Expenses

$3,269

Mortgage P&I

43%

$1,675

Property Taxes

4%

$143

Home Insurance

3%

$119

HOA

0%

$0

Property Management

12%

$470

CapEx

4%

$157

Vacancy

3%

$117

Maintenance

4%

$157

Other

11%

$431

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