REI Lense

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$2,862 (target)

2820 Treasure Cay Ln, Melbourne, FL 32940

3 beds • 2 baths • 1565 sqft

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This property looks like a bad Long-Term investment with a projected -10.21% first-year return on $73,899 initial cash invested.

-10.21%

Cash On Cash

4.38%

Cap Rate

0.73

DSCR

$2,862

Rent

-$629

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,862 income − $3,491 expenses = $629 out of pocket

Income$2,862Out of Pocket$629Mortgage P&I$1,76962%Property Taxes$38914%Insurance$1244%HOA$46516%Management$28610%CapEx$1435%Vacancy$1726%Maintenance$1435%

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,899

Downpayment

20%

$70,380

Closing costs

1%

$3,519

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,862

Total Expenses

$3,491

Mortgage P&I

62%

$1,769

Property Taxes

14%

$389

Home Insurance

4%

$124

HOA

16%

$465

Property Management

10%

$286

CapEx

5%

$143

Vacancy

6%

$172

Maintenance

5%

$143

Other

0%

$0

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