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$2,770 (target)

1988 Barkley Ave, Melbourne, FL 32935

3 beds • 2 baths • 1395 sqft

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This property might be a fair Mid-Term investment with a projected 1.93% first-year return on $72,600 initial cash invested.

1.93%

Cash On Cash

7.06%

Cap Rate

1.18

DSCR

$2,770

Rent

$117

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,770 income − $2,653 expenses = $117 cash flow

Income$2,770Mortgage P&I$1,30247%Property Taxes$31811%Insurance$913%Management$33212%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30511%Cash Flow$117

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,770

Total Expenses

$2,653

Mortgage P&I

47%

$1,302

Property Taxes

11%

$318

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$332

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$305

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