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$4,026 (target)

2614 Forest Dr, Melbourne, FL 32901

3 beds • 2 baths • 1616 sqft

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This property might be a fair Mid-Term investment with a projected 3.02% first-year return on $99,690 initial cash invested.

3.02%

Cash On Cash

7.9%

Cap Rate

1.19

DSCR

$4,026

Rent

$251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,026 income − $3,775 expenses = $251 cash flow

Income$4,026Mortgage P&I$2,14953%Property Taxes$1213%Insurance$1363%Management$48312%CapEx$1614%Vacancy$1213%Maintenance$1614%Other$44311%Cash Flow$251

Investment Breakdown

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Purchase Price

$389k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,026

Total Expenses

$3,775

Mortgage P&I

53%

$2,149

Property Taxes

3%

$121

Home Insurance

3%

$136

HOA

0%

$0

Property Management

12%

$483

CapEx

4%

$161

Vacancy

3%

$121

Maintenance

4%

$161

Other

11%

$443

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