REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$7,971 (target)

120 Richards Rd, Melbourne Beach, FL 32951

3 beds • 3 baths • 2125 sqft

Email

This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $215k initial cash invested.

-2.54%

Cash On Cash

5.77%

Cap Rate

0.97

DSCR

$7,971

Rent

-$456

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,971 income − $8,427 expenses = $456 out of pocket

Income$7,971Out of Pocket$456Mortgage P&I$4,65058%Property Taxes$7379%Insurance$3294%Management$95712%CapEx$3194%Vacancy$2393%Maintenance$3194%Other$87711%

Investment Breakdown

|

Purchase Price

$939k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$215k

Downpayment

20%

$188k

Closing costs

1%

$9,390

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$7,971

Total Expenses

$8,427

Mortgage P&I

58%

$4,650

Property Taxes

9%

$737

Home Insurance

4%

$329

HOA

0%

$0

Property Management

12%

$957

CapEx

4%

$319

Vacancy

3%

$239

Maintenance

4%

$319

Other

11%

$877

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis