REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

1143 Old Millpond Rd, Melbourne, FL 32940

4 beds • 2 baths • 1764 sqft

Email

This property looks like a bad Long-Term investment with a projected -13.02% first-year return on $98,931 initial cash invested.

-13.02%

Cash On Cash

3.72%

Cap Rate

0.61

DSCR

$2,560

Rent

-$1,073

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$471k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,931

Downpayment

20%

$94,220

Closing costs

1%

$4,711

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,560

Total Expenses

$3,633

Mortgage P&I

94%

$2,405

Property Taxes

14%

$347

Home Insurance

7%

$173

HOA

2%

$42

Property Management

10%

$256

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

Loading map...

Comparable Property

Rent

Beds

Baths

SQFT

Distance

1554 Knoll Ridge Dr, Melbourne, FL 32940

$2,420

4

2

1800

0.8 mi

1885 Crane Creek Blvd, Melbourne, FL 32940

$2,330

4

2

1654

0.3 mi

1114 Egret Lake Way, Melbourne, FL 32940

$2,400

4

2

1883

0.3 mi

1532 Laramie Cir, Melbourne, FL 32940

$2,500

4

2

1821

0.8 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis