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2590 New York St, Melbourne, FL 32904

3 beds • 3 baths • 2229 sqft

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This property looks like a bad Airbnb investment with a projected -9.81% first-year return on $143k initial cash invested.

-9.81%

Cash On Cash

3.91%

Cap Rate

0.66

DSCR

$4,657

Rent

-$1,166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$593k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$119k

Closing costs

1%

$5,933

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,657

Total Expenses

$5,823

Mortgage P&I

63%

$2,915

Property Taxes

10%

$454

Home Insurance

5%

$219

HOA

0%

$0

Property Management

15%

$699

CapEx

4%

$186

Vacancy

0%

$0

Maintenance

4%

$186

Other

25%

$1,164

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