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2794 Rheims Ave, Melbourne, FL 32935

3 beds • 2 baths • 1080 sqft

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This property might be a fair Airbnb investment with a projected 2.95% first-year return on $80,643 initial cash invested.

2.95%

Cash On Cash

7.27%

Cap Rate

1.23

DSCR

$3,517

Rent

$198

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,643

Downpayment

20%

$59,660

Closing costs

1%

$2,983

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,517

Total Expenses

$3,319

Mortgage P&I

42%

$1,469

Property Taxes

2%

$53

Home Insurance

3%

$108

HOA

0%

$0

Property Management

15%

$528

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$879

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