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$3,458 (target)

95 Florida Blvd, Merritt Island, FL 32953

3 beds • 2 baths • 1543 sqft

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This property looks like a bad Mid-Term investment with a projected -15.25% first-year return on $176k initial cash invested.

-15.25%

Cash On Cash

2.78%

Cap Rate

0.45

DSCR

$3,458

Rent

-$2,242

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,458 income − $5,700 expenses = $2,242 out of pocket

Income$3,458Out of Pocket$2,242Mortgage P&I$3,849111%Property Taxes$38611%Insurance$2808%HOA$10Management$41512%CapEx$1384%Vacancy$1043%Maintenance$1384%Other$38011%

Investment Breakdown

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Purchase Price

$754k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$176k

Downpayment

20%

$151k

Closing costs

1%

$7,542

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,458

Total Expenses

$5,700

Mortgage P&I

111%

$3,849

Property Taxes

11%

$386

Home Insurance

8%

$280

HOA

0%

$10

Property Management

12%

$415

CapEx

4%

$138

Vacancy

3%

$104

Maintenance

4%

$138

Other

11%

$380

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