REI Lense

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$2,577 (target)

2687 Mohican Dr, Melbourne, FL 32935

3 beds • 2 baths • 1372 sqft

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This property looks like a bad Long-Term investment with a projected -3.55% first-year return on $66,003 initial cash invested.

-3.55%

Cash On Cash

6.08%

Cap Rate

0.96

DSCR

$2,577

Rent

-$195

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,577 income − $2,772 expenses = $195 out of pocket

Income$2,577Out of Pocket$195Mortgage P&I$1,65964%Property Taxes$32813%Insurance$1144%Management$25810%CapEx$1295%Vacancy$1556%Maintenance$1295%

Investment Breakdown

|

Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,003

Downpayment

20%

$62,860

Closing costs

1%

$3,143

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,577

Total Expenses

$2,772

Mortgage P&I

64%

$1,659

Property Taxes

13%

$328

Home Insurance

4%

$114

HOA

0%

$0

Property Management

10%

$258

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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