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1687 Garden Ave, Melbourne, FL 32934

3 beds • 2 baths • 1807 sqft

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This property looks like a bad Airbnb investment with a projected -4.64% first-year return on $128k initial cash invested.

-4.64%

Cash On Cash

5.11%

Cap Rate

0.88

DSCR

$4,766

Rent

-$494

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$523k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$105k

Closing costs

1%

$5,230

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,766

Total Expenses

$5,260

Mortgage P&I

53%

$2,528

Property Taxes

5%

$251

Home Insurance

4%

$192

HOA

0%

$0

Property Management

15%

$715

CapEx

4%

$191

Vacancy

0%

$0

Maintenance

4%

$191

Other

25%

$1,192

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