REI Lense

REI Lense

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$3,480 (target)

135 Palm Cir, Melbourne, FL 32935

3 beds • 2 baths • 1306 sqft

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This property might be a fair Mid-Term investment with a projected 4.59% first-year return on $86,250 initial cash invested.

4.59%

Cash On Cash

7.77%

Cap Rate

1.29

DSCR

$3,480

Rent

$330

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,480 income − $3,150 expenses = $330 cash flow

Income$3,480Mortgage P&I$1,63547%Property Taxes$1855%Insurance$1143%HOA$331%Management$41812%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38311%Cash Flow$330

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,480

Total Expenses

$3,150

Mortgage P&I

47%

$1,635

Property Taxes

5%

$185

Home Insurance

3%

$114

HOA

1%

$33

Property Management

12%

$418

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$383

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