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$3,142 (target)

1511 HEDRICK Drive, Melbourne, FL 32901

3 beds • 2 baths • 1380 sqft

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This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $86,250 initial cash invested.

-2.39%

Cash On Cash

6.27%

Cap Rate

0.97

DSCR

$3,142

Rent

-$172

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,142 income − $3,314 expenses = $172 out of pocket

Income$3,142Out of Pocket$172Mortgage P&I$1,74556%Property Taxes$38612%Insurance$1144%Management$37712%CapEx$1264%Vacancy$943%Maintenance$1264%Other$34611%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

7.1%

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

$3,142

Total Expenses

$3,314

Mortgage P&I

56%

$1,745

Property Taxes

12%

$386

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$377

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$346

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