REI Lense

REI Lense

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$3,959 (target)

3115 Blazing Star Dr, Melbourne, FL 32940

3 beds • 4 baths • 2403 sqft

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This property looks like a bad Long-Term investment with a projected -10.44% first-year return on $147k initial cash invested.

-10.44%

Cash On Cash

4.06%

Cap Rate

0.69

DSCR

$3,959

Rent

-$1,278

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,959 income − $5,237 expenses = $1,278 out of pocket

Income$3,959Out of Pocket$1,278Mortgage P&I$3,44787%Property Taxes$41811%Insurance$2526%HOA$902%Management$39610%CapEx$1985%Vacancy$2386%Maintenance$1985%

Investment Breakdown

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Purchase Price

$699k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$140k

Closing costs

1%

$6,992

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,959

Total Expenses

$5,237

Mortgage P&I

87%

$3,447

Property Taxes

11%

$418

Home Insurance

6%

$252

HOA

2%

$90

Property Management

10%

$396

CapEx

5%

$198

Vacancy

6%

$238

Maintenance

5%

$198

Other

0%

$0

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