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This property looks like a bad Long-Term investment with a projected -14.68% first-year return on $146k initial cash invested.
-14.68%
Cash On Cash
3.09%
Cap Rate
0.53
DSCR
$3,650
Rent
-$1,787
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,650 income − $5,437 expenses = $1,787 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,956
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,650
Total Expenses
$5,437
Mortgage P&I
93%
$3,395
Property Taxes
23%
$842
Home Insurance
7%
$252
HOA
0%
$0
Property Management
10%
$365
CapEx
5%
$182
Vacancy
6%
$219
Maintenance
5%
$182
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
2060 Newfound Harbor Dr, Merritt Island, FL 32952 | $3,800 | 3 | 3 | 2137 | 1.5 mi |
415 North Shore Dr, Cocoa Beach, FL 32931 | $4,200 | 3 | 3 | 1620 | 1.3 mi |
778 Nassau Rd, Cocoa Beach, FL 32931 | $5,500 | 3 | 2 | 1930 | 1.2 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