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1600 Avocado Ave, Melbourne, FL 32935

3 beds • 2 baths • 1624 sqft

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This property looks like a bad Airbnb investment with a projected -4.55% first-year return on $91,500 initial cash invested.

-4.55%

Cash On Cash

5.16%

Cap Rate

0.87

DSCR

$3,097

Rent

-$347

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,097 income − $3,444 expenses = $347 out of pocket

Income$3,097Out of Pocket$347Mortgage P&I$1,72756%Property Taxes$1083%Insurance$1224%Management$46515%CapEx$1244%Maintenance$1244%Other$77425%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,097

Total Expenses

$3,444

Mortgage P&I

56%

$1,727

Property Taxes

3%

$108

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$465

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$774

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