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1340 S Wickham Rd, West Melbourne, FL 32904

3 beds • 2 baths • 2701 sqft

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This property looks like a bad Airbnb investment with a projected -16.86% first-year return on $170k initial cash invested.

-16.86%

Cash On Cash

2.19%

Cap Rate

0.37

DSCR

$3,534

Rent

-$2,392

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,534 income − $5,926 expenses = $2,392 out of pocket

Income$3,534Out of Pocket$2,392Mortgage P&I$3,575101%Property Taxes$40111%Insurance$2547%Management$53015%CapEx$1414%Maintenance$1414%Other$88425%

Investment Breakdown

|

Purchase Price

$725k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$170k

Downpayment

20%

$145k

Closing costs

1%

$7,250

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,534

Total Expenses

$5,926

Mortgage P&I

101%

$3,575

Property Taxes

11%

$401

Home Insurance

7%

$254

HOA

0%

$0

Property Management

15%

$530

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$884

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