REI Lense

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3390 Floral Palm Blvd, Melbourne, FL 32901

3 beds • 2 baths • 1611 sqft

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This property looks like a bad Airbnb investment with a projected -4.63% first-year return on $81,651 initial cash invested.

-4.63%

Cash On Cash

5.29%

Cap Rate

0.88

DSCR

$3,307

Rent

-$315

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$303k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,651

Downpayment

20%

$60,620

Closing costs

1%

$3,031

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,307

Total Expenses

$3,622

Mortgage P&I

46%

$1,520

Property Taxes

12%

$386

Home Insurance

3%

$110

HOA

1%

$19

Property Management

15%

$496

CapEx

4%

$132

Vacancy

0%

$0

Maintenance

4%

$132

Other

25%

$827

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