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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 -19.61% first-year return on $176k initial cash invested.

-19.61%

Cash On Cash

1.74%

Cap Rate

0.28

DSCR

$3,159

Rent

-$2,882

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,159 income − $6,041 expenses = $2,882 out of pocket

Income$3,159Out of Pocket$2,882Mortgage P&I$3,849122%Property Taxes$38612%Insurance$2809%HOA$10Management$47415%CapEx$1264%Maintenance$1264%Other$79025%

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

$3,159

Total Expenses

$6,041

Mortgage P&I

122%

$3,849

Property Taxes

12%

$386

Home Insurance

9%

$280

HOA

0%

$10

Property Management

15%

$474

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$790

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