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$2,948 (target)

2846 Lancaster Rd, Melbourne, FL 32935

3 beds • 2 baths • 1361 sqft

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This property might be a fair Mid-Term investment with a projected 4.8% first-year return on $77,997 initial cash invested.

4.8%

Cash On Cash

7.99%

Cap Rate

1.29

DSCR

$2,948

Rent

$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,948 income − $2,636 expenses = $312 cash flow

Income$2,948Mortgage P&I$1,47250%Property Taxes$572%Insurance$1054%Management$35412%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%Cash Flow$312

Investment Breakdown

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Purchase Price

$286k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,997

Downpayment

20%

$57,140

Closing costs

1%

$2,857

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,948

Total Expenses

$2,636

Mortgage P&I

50%

$1,472

Property Taxes

2%

$57

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$354

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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