REI Lense

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$3,596 (target)

2291 Commodore Blvd, Melbourne, FL 32904

3 beds • 2 baths • 1683 sqft

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This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $107k initial cash invested.

-2.09%

Cash On Cash

5.8%

Cap Rate

0.98

DSCR

$3,596

Rent

-$186

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,596 income − $3,782 expenses = $186 out of pocket

Income$3,596Out of Pocket$186Mortgage P&I$2,08158%Property Taxes$3329%Insurance$1454%Management$43212%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39611%

Investment Breakdown

|

Purchase Price

$422k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,400

Closing costs

1%

$4,220

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,596

Total Expenses

$3,782

Mortgage P&I

58%

$2,081

Property Taxes

9%

$332

Home Insurance

4%

$145

HOA

0%

$0

Property Management

12%

$432

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$396

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