REI Lense

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$3,893 (target)

1732 Banaghen Way, Melbourne, FL 32940

3 beds • 3 baths • 2168 sqft

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This property looks like a bad Long-Term investment with a projected -11.79% first-year return on $124k initial cash invested.

-11.79%

Cash On Cash

4.46%

Cap Rate

0.68

DSCR

$3,893

Rent

-$1,221

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,893 income − $5,114 expenses = $1,221 out of pocket

Income$3,893Out of Pocket$1,221Mortgage P&I$3,22683%Property Taxes$51113%Insurance$2145%HOA$1504%Management$38910%CapEx$1955%Vacancy$2346%Maintenance$1955%

Investment Breakdown

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Purchase Price

$592k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$118k

Closing costs

1%

$5,919

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,893

Total Expenses

$5,114

Mortgage P&I

83%

$3,226

Property Taxes

13%

$511

Home Insurance

6%

$214

HOA

4%

$150

Property Management

10%

$389

CapEx

5%

$195

Vacancy

6%

$234

Maintenance

5%

$195

Other

0%

$0

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