REI Lense

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$3,923 (target)

545 Heron Dr, Merritt Island, FL 32952

3 beds • 2 baths • 2223 sqft

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This property might be a fair Long-Term investment with a projected 1.06% first-year return on $97,293 initial cash invested.

1.06%

Cash On Cash

6.76%

Cap Rate

1.12

DSCR

$3,923

Rent

$86

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,923 income − $3,837 expenses = $86 cash flow

Income$3,923Mortgage P&I$2,32759%Property Taxes$3218%Insurance$1704%Management$39210%CapEx$1965%Vacancy$2356%Maintenance$1965%Cash Flow$86

Investment Breakdown

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Purchase Price

$463k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,293

Downpayment

20%

$92,660

Closing costs

1%

$4,633

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,923

Total Expenses

$3,837

Mortgage P&I

59%

$2,327

Property Taxes

8%

$321

Home Insurance

4%

$170

HOA

0%

$0

Property Management

10%

$392

CapEx

5%

$196

Vacancy

6%

$235

Maintenance

5%

$196

Other

0%

$0

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