REI Lense

REI Lense

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$2,709 (target)

1600 Avocado Ave, Melbourne, FL 32935

3 beds • 2 baths • 1624 sqft

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This property might be a fair Long-Term investment with a projected 0.78% first-year return on $73,500 initial cash invested.

0.78%

Cash On Cash

6.55%

Cap Rate

1.11

DSCR

$2,709

Rent

$48

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,709 income − $2,661 expenses = $48 cash flow

Income$2,709Mortgage P&I$1,72764%Property Taxes$1084%Insurance$1225%Management$27110%CapEx$1355%Vacancy$1636%Maintenance$1355%Cash Flow$48

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,709

Total Expenses

$2,661

Mortgage P&I

64%

$1,727

Property Taxes

4%

$108

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$271

CapEx

5%

$135

Vacancy

6%

$163

Maintenance

5%

$135

Other

0%

$0

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