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This property might be a fair Long-Term investment with a projected 4.11% first-year return on $84,000 initial cash invested.
4.11%
Cash On Cash
7.32%
Cap Rate
1.23
DSCR
$3,200
Rent
$288
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,200 income − $2,912 expenses = $288 cash flow
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,000
Downpayment
20%
$80,000
Closing costs
1%
$4,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,200
Total Expenses
$2,912
Mortgage P&I
62%
$1,991
Property Taxes
7%
$227
Home Insurance
5%
$174
HOA
0%
$8
Property Management
0%
$0
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
1250 Starling Way, Rockledge, FL 32955 | $3,200 | 3 | 3 | 2153 | 2.4 mi |
2060 Newfound Harbor Dr, Merritt Island, FL 32952 | $3,800 | 3 | 3 | 2137 | 2.6 mi |
3828 S Tropical Trl, Merritt Island, FL 32952 | $3,000 | 3 | 2 | 1860 | 0.4 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY