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$2,997 (target)

1642 Cardinal Ct, Melbourne, FL 32935

3 beds • 2 baths • 1036 sqft

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This property could be a profitable Mid-Term investment with a projected 17.45% first-year return on $51,579 initial cash invested.

17.45%

Cash On Cash

12.83%

Cap Rate

2.04

DSCR

$2,997

Rent

$750

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,997 income − $2,247 expenses = $750 cash flow

Income$2,997Mortgage P&I$84028%Property Taxes$2599%Insurance$562%HOA$722%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%Cash Flow$750

Investment Breakdown

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Purchase Price

$160k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,579

Downpayment

20%

$31,980

Closing costs

1%

$1,599

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,997

Total Expenses

$2,247

Mortgage P&I

28%

$840

Property Taxes

9%

$259

Home Insurance

2%

$56

HOA

2%

$72

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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