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2440 Warwick Rd, Melbourne, FL 32935

3 beds • 2 baths • 1148 sqft

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This property looks like a bad Airbnb investment with a projected -4.03% first-year return on $70,290 initial cash invested.

-4.03%

Cash On Cash

5.3%

Cap Rate

0.89

DSCR

$2,668

Rent

-$236

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,668 income − $2,904 expenses = $236 out of pocket

Income$2,668Out of Pocket$236Mortgage P&I$1,22846%Property Taxes$30211%Insurance$933%Management$40015%CapEx$1074%Maintenance$1074%Other$66725%

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,290

Downpayment

20%

$49,800

Closing costs

1%

$2,490

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,668

Total Expenses

$2,904

Mortgage P&I

46%

$1,228

Property Taxes

11%

$302

Home Insurance

3%

$93

HOA

0%

$0

Property Management

15%

$400

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$667

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