REI Lense

REI Lense

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$2,877 (target)

1331 Royal Fern Dr, Melbourne, FL 32940

3 beds • 2 baths • 1782 sqft

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This property looks like a bad Long-Term investment with a projected -8.65% first-year return on $82,656 initial cash invested.

-8.65%

Cash On Cash

4.76%

Cap Rate

0.78

DSCR

$2,877

Rent

-$596

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,877 income − $3,473 expenses = $596 out of pocket

Income$2,877Out of Pocket$596Mortgage P&I$2,01270%Property Taxes$1776%Insurance$1395%HOA$39614%Management$28810%CapEx$1445%Vacancy$1736%Maintenance$1445%

Investment Breakdown

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Purchase Price

$394k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,656

Downpayment

20%

$78,720

Closing costs

1%

$3,936

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,877

Total Expenses

$3,473

Mortgage P&I

70%

$2,012

Property Taxes

6%

$177

Home Insurance

5%

$139

HOA

14%

$396

Property Management

10%

$288

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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