REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,508 (target)

2507 Manorwood Dr, Melbourne, FL 32901

3 beds • 2 baths • 1850 sqft

Email

This property looks like a bad Long-Term investment with a projected -1.81% first-year return on $72,450 initial cash invested.

-1.81%

Cash On Cash

6.02%

Cap Rate

1.01

DSCR

$2,508

Rent

-$109

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,508 income − $2,617 expenses = $109 out of pocket

Income$2,508Out of Pocket$109Mortgage P&I$1,71468%Property Taxes$1315%Insurance$1215%Management$25110%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,508

Total Expenses

$2,617

Mortgage P&I

68%

$1,714

Property Taxes

5%

$131

Home Insurance

5%

$121

HOA

0%

$0

Property Management

10%

$251

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis