REI Lense

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$4,491 (target)

4065 Sand Ridge Dr, Merritt Island, FL 32953

3 beds • 2 baths • 2302 sqft

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This property might be a fair Mid-Term investment with a projected 2.69% first-year return on $118k initial cash invested.

2.69%

Cash On Cash

7.24%

Cap Rate

1.18

DSCR

$4,491

Rent

$263

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,491 income − $4,228 expenses = $263 cash flow

Income$4,491Mortgage P&I$2,41754%Property Taxes$762%Insurance$1664%HOA$411%Management$53912%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49411%Cash Flow$263

Investment Breakdown

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Purchase Price

$474k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,800

Closing costs

1%

$4,740

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,491

Total Expenses

$4,228

Mortgage P&I

54%

$2,417

Property Taxes

2%

$76

Home Insurance

4%

$166

HOA

1%

$41

Property Management

12%

$539

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$494

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