REI Lense

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2882 Pennington Pl, Melbourne, FL 32935

3 beds • 2 baths • 1272 sqft

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This property might be a fair Airbnb investment with a projected 0.63% first-year return on $76,590 initial cash invested.

0.63%

Cash On Cash

6.51%

Cap Rate

1.12

DSCR

$2,936

Rent

$40

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$279k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,590

Downpayment

20%

$55,800

Closing costs

1%

$2,790

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,936

Total Expenses

$2,896

Mortgage P&I

46%

$1,357

Property Taxes

1%

$29

Home Insurance

3%

$102

HOA

0%

$0

Property Management

15%

$440

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$734

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