REI Lense

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$5,314 (target)

120 Richards Rd, Melbourne Beach, FL 32951

3 beds • 3 baths • 2125 sqft

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This property looks like a bad Long-Term investment with a projected -10.86% first-year return on $197k initial cash invested.

-10.86%

Cash On Cash

4%

Cap Rate

0.67

DSCR

$5,314

Rent

-$1,784

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,314 income − $7,098 expenses = $1,784 out of pocket

Income$5,314Out of Pocket$1,784Mortgage P&I$4,65088%Property Taxes$73714%Insurance$3296%Management$53110%CapEx$2665%Vacancy$3196%Maintenance$2665%

Investment Breakdown

|

Purchase Price

$939k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$197k

Downpayment

20%

$188k

Closing costs

1%

$9,390

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$5,314

Total Expenses

$7,098

Mortgage P&I

88%

$4,650

Property Taxes

14%

$737

Home Insurance

6%

$329

HOA

0%

$0

Property Management

10%

$531

CapEx

5%

$266

Vacancy

6%

$319

Maintenance

5%

$266

Other

0%

$0

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