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$4,021 (target)

206 Fir Ave, Melbourne Beach, FL 32951

3 beds • 2 baths • 1976 sqft

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This property looks like a bad Long-Term investment with a projected -10.78% first-year return on $146k initial cash invested.

-10.78%

Cash On Cash

3.78%

Cap Rate

0.66

DSCR

$4,021

Rent

-$1,308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,021 income − $5,329 expenses = $1,308 out of pocket

Income$4,021Out of Pocket$1,308Mortgage P&I$3,29082%Property Taxes$73218%Insurance$2627%Management$40210%CapEx$2015%Vacancy$2416%Maintenance$2015%

Investment Breakdown

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Purchase Price

$694k

Downpayment

20.0%

Interest Rate

5.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$139k

Closing costs

1%

$6,935

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,021

Total Expenses

$5,329

Mortgage P&I

82%

$3,290

Property Taxes

18%

$732

Home Insurance

7%

$262

HOA

0%

$0

Property Management

10%

$402

CapEx

5%

$201

Vacancy

6%

$241

Maintenance

5%

$201

Other

0%

$0

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