REI Lense

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$2,033 (target)

1501 Whitecap Way, Melbourne, FL 32935

3 beds • 2 baths • 1232 sqft

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This property looks like a bad Long-Term investment with a projected -1.71% first-year return on $57,666 initial cash invested.

-1.71%

Cash On Cash

6.18%

Cap Rate

1.01

DSCR

$2,033

Rent

-$82

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,033 income − $2,115 expenses = $82 out of pocket

Income$2,033Out of Pocket$82Mortgage P&I$1,39469%Property Taxes$925%Insurance$1005%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,666

Downpayment

20%

$54,920

Closing costs

1%

$2,746

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,033

Total Expenses

$2,115

Mortgage P&I

69%

$1,394

Property Taxes

5%

$92

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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