REI Lense

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$2,697 (target)

1345 Coventry Cir, Melbourne, FL 32904

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Long-Term investment with a projected -6.66% first-year return on $78,330 initial cash invested.

-6.66%

Cash On Cash

5.05%

Cap Rate

0.84

DSCR

$2,697

Rent

-$435

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,697 income − $3,132 expenses = $435 out of pocket

Income$2,697Out of Pocket$435Mortgage P&I$1,86969%Property Taxes$40315%Insurance$1355%HOA$231%Management$27010%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

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Purchase Price

$373k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,330

Downpayment

20%

$74,600

Closing costs

1%

$3,730

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,697

Total Expenses

$3,132

Mortgage P&I

69%

$1,869

Property Taxes

15%

$403

Home Insurance

5%

$135

HOA

1%

$23

Property Management

10%

$270

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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