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1685 Marcello Dr, Melbourne, FL 32934

3 beds • 3 baths • 2313 sqft

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This property looks like a bad Airbnb investment with a projected -22.23% first-year return on $176k initial cash invested.

-22.23%

Cash On Cash

0.87%

Cap Rate

0.15

DSCR

$2,473

Rent

-$3,267

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,473 income − $5,740 expenses = $3,267 out of pocket

Income$2,473Out of Pocket$3,267Mortgage P&I$3,715150%Property Taxes$48920%Insurance$27511%HOA$743%Management$37115%CapEx$994%Maintenance$994%Other$61825%

Investment Breakdown

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Purchase Price

$754k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$176k

Downpayment

20%

$151k

Closing costs

1%

$7,542

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,473

Total Expenses

$5,740

Mortgage P&I

150%

$3,715

Property Taxes

20%

$489

Home Insurance

11%

$275

HOA

3%

$74

Property Management

15%

$371

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$618

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