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$4,046 (target)

1345 Coventry Cir, Melbourne, FL 32904

3 beds • 2 baths • 2000 sqft

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This property might be a fair Mid-Term investment with a projected 2.99% first-year return on $96,330 initial cash invested.

2.99%

Cash On Cash

7.31%

Cap Rate

1.22

DSCR

$4,046

Rent

$240

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,046 income − $3,806 expenses = $240 cash flow

Income$4,046Mortgage P&I$1,86946%Property Taxes$40310%Insurance$1353%HOA$231%Management$48612%CapEx$1624%Vacancy$1213%Maintenance$1624%Other$44511%Cash Flow$240

Investment Breakdown

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Purchase Price

$373k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,330

Downpayment

20%

$74,600

Closing costs

1%

$3,730

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,046

Total Expenses

$3,806

Mortgage P&I

46%

$1,869

Property Taxes

10%

$403

Home Insurance

3%

$135

HOA

1%

$23

Property Management

12%

$486

CapEx

4%

$162

Vacancy

3%

$121

Maintenance

4%

$162

Other

11%

$445

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