REI Lense

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$3,215 (target)

1700 Marcello Dr, Melbourne, FL 32934

3 beds • 2 baths • 2007 sqft

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This property looks like a bad Long-Term investment with a projected -12.97% first-year return on $157k initial cash invested.

-12.97%

Cash On Cash

3.49%

Cap Rate

0.59

DSCR

$3,215

Rent

-$1,700

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,215 income − $4,915 expenses = $1,700 out of pocket

Income$3,215Out of Pocket$1,700Mortgage P&I$3,720116%Property Taxes$10Insurance$2738%HOA$752%Management$32210%CapEx$1615%Vacancy$1936%Maintenance$1615%

Investment Breakdown

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Purchase Price

$749k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$157k

Downpayment

20%

$150k

Closing costs

1%

$7,489

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,215

Total Expenses

$4,915

Mortgage P&I

116%

$3,720

Property Taxes

0%

$10

Home Insurance

8%

$273

HOA

2%

$75

Property Management

10%

$322

CapEx

5%

$161

Vacancy

6%

$193

Maintenance

5%

$161

Other

0%

$0

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