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2614 Forest Dr, Melbourne, FL 32901

3 beds • 2 baths • 1616 sqft

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This property looks like a bad Airbnb investment with a projected -8.46% first-year return on $99,690 initial cash invested.

-8.46%

Cash On Cash

4.86%

Cap Rate

0.73

DSCR

$3,275

Rent

-$703

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,275 income − $3,978 expenses = $703 out of pocket

Income$3,275Out of Pocket$703Mortgage P&I$2,14966%Property Taxes$1214%Insurance$1364%Management$49115%CapEx$1314%Maintenance$1314%Other$81925%

Investment Breakdown

|

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

$3,275

Total Expenses

$3,978

Mortgage P&I

66%

$2,149

Property Taxes

4%

$121

Home Insurance

4%

$136

HOA

0%

$0

Property Management

15%

$491

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$819

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