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1948 Glenwood Dr, Melbourne, FL 32935

3 beds • 2 baths • 1080 sqft

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This property might be a fair Mid-Term investment with a projected 9.93% first-year return on $70,206 initial cash invested.

9.93%

Cash On Cash

9.73%

Cap Rate

1.54

DSCR

$3,177

Rent

$581

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,206

Downpayment

20%

$49,720

Closing costs

1%

$2,486

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,177

Total Expenses

$2,596

Mortgage P&I

41%

$1,307

Property Taxes

4%

$122

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$381

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$349

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