REI Lense

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$1,585 (target)

4629 MERRIMAC Avenue, Jacksonville, FL 32210

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -8.35% first-year return on $46,872 initial cash invested.

-8.35%

Cash On Cash

5.36%

Cap Rate

0.8

DSCR

$1,585

Rent

-$326

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,585 income − $1,911 expenses = $326 out of pocket

Income$1,585Out of Pocket$326Mortgage P&I$1,24478%Property Taxes$17711%Insurance$795%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$223k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,872

Downpayment

20%

$44,640

Closing costs

1%

$2,232

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,585

Total Expenses

$1,911

Mortgage P&I

78%

$1,244

Property Taxes

11%

$177

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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