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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 -21.64% first-year return on $176k initial cash invested.

-21.64%

Cash On Cash

1.02%

Cap Rate

0.17

DSCR

$2,636

Rent

-$3,181

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,636 income − $5,817 expenses = $3,181 out of pocket

Income$2,636Out of Pocket$3,181Mortgage P&I$3,715141%Property Taxes$48919%Insurance$27510%HOA$743%Management$39515%CapEx$1054%Maintenance$1054%Other$65925%

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

$2,636

Total Expenses

$5,817

Mortgage P&I

141%

$3,715

Property Taxes

19%

$489

Home Insurance

10%

$275

HOA

3%

$74

Property Management

15%

$395

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$659

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