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$2,823 (target)

3472 Horse Creek Cir, Melbourne, FL 32935

3 beds • 2 baths • 1463 sqft

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This property might be a fair Mid-Term investment with a projected 2.21% first-year return on $72,915 initial cash invested.

2.21%

Cash On Cash

7.11%

Cap Rate

1.19

DSCR

$2,823

Rent

$134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,823 income − $2,689 expenses = $134 cash flow

Income$2,823Mortgage P&I$1,30346%Property Taxes$2117%Insurance$943%HOA$1204%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%Cash Flow$134

Investment Breakdown

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Purchase Price

$262k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,915

Downpayment

20%

$52,300

Closing costs

1%

$2,615

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,823

Total Expenses

$2,689

Mortgage P&I

46%

$1,303

Property Taxes

7%

$211

Home Insurance

3%

$94

HOA

4%

$120

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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