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$5,884 (target)

545 Heron Dr, Merritt Island, FL 32952

3 beds • 2 baths • 2223 sqft

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This property could be a profitable Mid-Term investment with a projected 11.1% first-year return on $115k initial cash invested.

11.1%

Cash On Cash

9.4%

Cap Rate

1.56

DSCR

$5,884

Rent

$1,066

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,884 income − $4,818 expenses = $1,066 cash flow

Income$5,884Mortgage P&I$2,32740%Property Taxes$3215%Insurance$1703%Management$70612%CapEx$2354%Vacancy$1773%Maintenance$2354%Other$64711%Cash Flow$1,066

Investment Breakdown

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Purchase Price

$463k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,660

Closing costs

1%

$4,633

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,884

Total Expenses

$4,818

Mortgage P&I

40%

$2,327

Property Taxes

5%

$321

Home Insurance

3%

$170

HOA

0%

$0

Property Management

12%

$706

CapEx

4%

$235

Vacancy

3%

$177

Maintenance

4%

$235

Other

11%

$647

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