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$2,948 (target)

2857 Pennington Pl, Melbourne, FL 32935

3 beds • 2 baths • 1356 sqft

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This property looks like a bad Mid-Term investment with a projected -1.87% first-year return on $81,000 initial cash invested.

-1.87%

Cash On Cash

5.93%

Cap Rate

0.99

DSCR

$2,948

Rent

-$126

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,948 income − $3,074 expenses = $126 out of pocket

Income$2,948Out of Pocket$126Mortgage P&I$1,49151%Property Taxes$47616%Insurance$1054%Management$35412%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,948

Total Expenses

$3,074

Mortgage P&I

51%

$1,491

Property Taxes

16%

$476

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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