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120 Richards Rd, Melbourne Beach, FL 32951

3 beds • 3 baths • 2125 sqft

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This property looks like a bad Airbnb investment with a projected -19.79% first-year return on $215k initial cash invested.

-19.79%

Cash On Cash

1.62%

Cap Rate

0.27

DSCR

$4,168

Rent

-$3,549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,168 income − $7,717 expenses = $3,549 out of pocket

Income$4,168Out of Pocket$3,549Mortgage P&I$4,650112%Property Taxes$73718%Insurance$3298%Management$62515%CapEx$1674%Maintenance$1674%Other$1,04225%

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

$4,168

Total Expenses

$7,717

Mortgage P&I

112%

$4,650

Property Taxes

18%

$737

Home Insurance

8%

$329

HOA

0%

$0

Property Management

15%

$625

CapEx

4%

$167

Vacancy

0%

$0

Maintenance

4%

$167

Other

25%

$1,042

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