REI Lense

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$4,156 (target)

2983 Ontario Cir W, Melbourne, FL 32935

3 beds • 2 baths • 1760 sqft

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This property might be a fair Mid-Term investment with a projected 7.96% first-year return on $83,982 initial cash invested.

7.96%

Cash On Cash

8.92%

Cap Rate

1.45

DSCR

$4,156

Rent

$557

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,156 income − $3,599 expenses = $557 cash flow

Income$4,156Mortgage P&I$1,61239%Property Taxes$46011%Insurance$1143%Management$49912%CapEx$1664%Vacancy$1253%Maintenance$1664%Other$45711%Cash Flow$557

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,982

Downpayment

20%

$62,840

Closing costs

1%

$3,142

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,156

Total Expenses

$3,599

Mortgage P&I

39%

$1,612

Property Taxes

11%

$460

Home Insurance

3%

$114

HOA

0%

$0

Property Management

12%

$499

CapEx

4%

$166

Vacancy

3%

$125

Maintenance

4%

$166

Other

11%

$457

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