REI Lense

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$4,064 (target)

1785 Boca Rio Dr, Melbourne, FL 32940

3 beds • 2 baths • 1992 sqft

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This property looks like a bad Mid-Term investment with a projected -2.37% first-year return on $108k initial cash invested.

-2.37%

Cash On Cash

5.82%

Cap Rate

0.98

DSCR

$4,064

Rent

-$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,064 income − $4,278 expenses = $214 out of pocket

Income$4,064Out of Pocket$214Mortgage P&I$2,14053%Property Taxes$2697%Insurance$1564%HOA$3308%Management$48812%CapEx$1634%Vacancy$1223%Maintenance$1634%Other$44711%

Investment Breakdown

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Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$86,080

Closing costs

1%

$4,304

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,064

Total Expenses

$4,278

Mortgage P&I

53%

$2,140

Property Taxes

7%

$269

Home Insurance

4%

$156

HOA

8%

$330

Property Management

12%

$488

CapEx

4%

$163

Vacancy

3%

$122

Maintenance

4%

$163

Other

11%

$447

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