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2850 Michigan St, Melbourne, FL 32904

3 beds • 3 baths • 1832 sqft

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This property looks like a bad Long-Term investment with a projected -10.11% first-year return on $108k initial cash invested.

-10.11%

Cash On Cash

4.02%

Cap Rate

0.69

DSCR

$2,685

Rent

-$908

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$513k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$103k

Closing costs

1%

$5,132

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,685

Total Expenses

$3,593

Mortgage P&I

93%

$2,494

Property Taxes

8%

$220

Home Insurance

7%

$182

HOA

0%

$0

Property Management

10%

$268

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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