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95 Florida Blvd, Merritt Island, FL 32953

3 beds • 2 baths • 1543 sqft

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This property looks like a bad Airbnb investment with a projected -18.62% first-year return on $176k initial cash invested.

-18.62%

Cash On Cash

1.99%

Cap Rate

0.32

DSCR

$3,436

Rent

-$2,737

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,436 income − $6,173 expenses = $2,737 out of pocket

Income$3,436Out of Pocket$2,737Mortgage P&I$3,849112%Property Taxes$38611%Insurance$2808%HOA$10Management$51515%CapEx$1374%Maintenance$1374%Other$85925%

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

$3,436

Total Expenses

$6,173

Mortgage P&I

112%

$3,849

Property Taxes

11%

$386

Home Insurance

8%

$280

HOA

0%

$10

Property Management

15%

$515

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$859

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