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$5,822 (target)

1871 Thesy Dr, Melbourne, FL 32940

3 beds • 2 baths • 2782 sqft

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This property might be a fair Mid-Term investment with a projected 2.2% first-year return on $143k initial cash invested.

2.2%

Cash On Cash

6.94%

Cap Rate

1.17

DSCR

$5,822

Rent

$263

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,822 income − $5,559 expenses = $263 cash flow

Income$5,822Mortgage P&I$2,95551%Property Taxes$3616%Insurance$2194%HOA$441%Management$69912%CapEx$2334%Vacancy$1753%Maintenance$2334%Other$64011%Cash Flow$263

Investment Breakdown

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Purchase Price

$597k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$119k

Closing costs

1%

$5,966

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,822

Total Expenses

$5,559

Mortgage P&I

51%

$2,955

Property Taxes

6%

$361

Home Insurance

4%

$219

HOA

1%

$44

Property Management

12%

$699

CapEx

4%

$233

Vacancy

3%

$175

Maintenance

4%

$233

Other

11%

$640

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