REI Lense

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$4,316 (target)

1331 Royal Fern Dr, Melbourne, FL 32940

3 beds • 2 baths • 1782 sqft

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This property might be a fair Mid-Term investment with a projected 1.48% first-year return on $101k initial cash invested.

1.48%

Cash On Cash

7.04%

Cap Rate

1.15

DSCR

$4,316

Rent

$124

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,316 income − $4,192 expenses = $124 cash flow

Income$4,316Mortgage P&I$2,01247%Property Taxes$1774%Insurance$1393%HOA$3969%Management$51812%CapEx$1734%Vacancy$1293%Maintenance$1734%Other$47511%Cash Flow$124

Investment Breakdown

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Purchase Price

$394k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$78,720

Closing costs

1%

$3,936

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,316

Total Expenses

$4,192

Mortgage P&I

47%

$2,012

Property Taxes

4%

$177

Home Insurance

3%

$139

HOA

9%

$396

Property Management

12%

$518

CapEx

4%

$173

Vacancy

3%

$129

Maintenance

4%

$173

Other

11%

$475

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