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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 -2.92% first-year return on $91,500 initial cash invested.

-2.92%

Cash On Cash

5.61%

Cap Rate

0.95

DSCR

$3,333

Rent

-$223

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,333 income − $3,556 expenses = $223 out of pocket

Income$3,333Out of Pocket$223Mortgage P&I$1,72752%Property Taxes$1083%Insurance$1224%Management$50015%CapEx$1334%Maintenance$1334%Other$83325%

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

$3,333

Total Expenses

$3,556

Mortgage P&I

52%

$1,727

Property Taxes

3%

$108

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$500

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$833

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