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2682 Nobility Ave, Melbourne, FL 32934

3 beds • 2 baths • 1510 sqft

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This property looks like a bad Airbnb investment with a projected -7.25% first-year return on $89,190 initial cash invested.

-7.25%

Cash On Cash

4.44%

Cap Rate

0.75

DSCR

$3,248

Rent

-$539

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,190

Downpayment

20%

$67,800

Closing costs

1%

$3,390

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,248

Total Expenses

$3,787

Mortgage P&I

51%

$1,664

Property Taxes

13%

$422

Home Insurance

4%

$122

HOA

1%

$20

Property Management

15%

$487

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$812

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5

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$1,100

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2

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$2,850

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5

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