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$3,176 (target)

1065 S Fork Cir, Melbourne, FL 32901

3 beds • 2 baths • 1566 sqft

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This property might be a fair Mid-Term investment with a projected 3.31% first-year return on $79,698 initial cash invested.

3.31%

Cash On Cash

7.76%

Cap Rate

1.22

DSCR

$3,176

Rent

$220

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,176 income − $2,956 expenses = $220 cash flow

Income$3,176Mortgage P&I$1,55349%Property Taxes$1003%Insurance$1073%HOA$1174%Management$38112%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34911%Cash Flow$220

Investment Breakdown

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Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,698

Downpayment

20%

$58,760

Closing costs

1%

$2,938

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,176

Total Expenses

$2,956

Mortgage P&I

49%

$1,553

Property Taxes

3%

$100

Home Insurance

3%

$107

HOA

4%

$117

Property Management

12%

$381

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$349

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