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$5,234 (target)

1024 Lennox Way, Melbourne, FL 32940

3 beds • 3 baths • 2112 sqft

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This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $144k initial cash invested.

-3.18%

Cash On Cash

6.17%

Cap Rate

0.95

DSCR

$5,234

Rent

-$383

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,234 income − $5,617 expenses = $383 out of pocket

Income$5,234Out of Pocket$383Mortgage P&I$3,27263%Property Taxes$3006%Insurance$2194%HOA$471%Management$62812%CapEx$2094%Vacancy$1573%Maintenance$2094%Other$57611%

Investment Breakdown

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Purchase Price

$602k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$6,022

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,234

Total Expenses

$5,617

Mortgage P&I

63%

$3,272

Property Taxes

6%

$300

Home Insurance

4%

$219

HOA

1%

$47

Property Management

12%

$628

CapEx

4%

$209

Vacancy

3%

$157

Maintenance

4%

$209

Other

11%

$576

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