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$4,054 (target)

1102 Egret Lake Way, Melbourne, FL 32940

3 beds • 2 baths • 1862 sqft

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This property looks like a bad Mid-Term investment with a projected -2.9% first-year return on $130k initial cash invested.

-2.9%

Cash On Cash

5.62%

Cap Rate

0.94

DSCR

$4,054

Rent

-$314

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,054 income − $4,368 expenses = $314 out of pocket

Income$4,054Out of Pocket$314Mortgage P&I$2,64665%Property Taxes$692%Insurance$2346%HOA$411%Management$48612%CapEx$1624%Vacancy$1223%Maintenance$1624%Other$44611%

Investment Breakdown

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Purchase Price

$533k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$107k

Closing costs

1%

$5,328

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,054

Total Expenses

$4,368

Mortgage P&I

65%

$2,646

Property Taxes

2%

$69

Home Insurance

6%

$234

HOA

1%

$41

Property Management

12%

$486

CapEx

4%

$162

Vacancy

3%

$122

Maintenance

4%

$162

Other

11%

$446

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