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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 -5.5% first-year return on $91,500 initial cash invested.

-5.5%

Cash On Cash

4.89%

Cap Rate

0.83

DSCR

$2,957

Rent

-$419

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,957 income − $3,376 expenses = $419 out of pocket

Income$2,957Out of Pocket$419Mortgage P&I$1,72758%Property Taxes$1084%Insurance$1224%Management$44415%CapEx$1184%Maintenance$1184%Other$73925%

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

$2,957

Total Expenses

$3,376

Mortgage P&I

58%

$1,727

Property Taxes

4%

$108

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$444

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$739

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