REI Lense

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$2,987 (target)

3008 Pangea Cir, Melbourne, FL 32940

3 beds • 2 baths • 1917 sqft

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This property looks like a bad Long-Term investment with a projected -22.12% first-year return on $138k initial cash invested.

-22.12%

Cash On Cash

2.17%

Cap Rate

0.33

DSCR

$2,987

Rent

-$2,541

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,987 income − $5,528 expenses = $2,541 out of pocket

Income$2,987Out of Pocket$2,541Mortgage P&I$3,578120%Property Taxes$52117%Insurance$2017%HOA$45215%Management$29910%CapEx$1495%Vacancy$1796%Maintenance$1495%

Investment Breakdown

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Purchase Price

$657k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$131k

Closing costs

1%

$6,565

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,987

Total Expenses

$5,528

Mortgage P&I

120%

$3,578

Property Taxes

17%

$521

Home Insurance

7%

$201

HOA

15%

$452

Property Management

10%

$299

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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