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349 Carmel Dr, Melbourne, FL 32940

3 beds • 3 baths • 1900 sqft

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This property looks like a bad Mid-Term investment with a projected -0.92% first-year return on $115k initial cash invested.

-0.92%

Cash On Cash

6%

Cap Rate

1.03

DSCR

$3,946

Rent

-$88

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$461k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,240

Closing costs

1%

$4,612

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,946

Total Expenses

$4,034

Mortgage P&I

57%

$2,235

Property Taxes

2%

$68

Home Insurance

4%

$168

HOA

6%

$221

Property Management

12%

$474

CapEx

4%

$158

Vacancy

3%

$118

Maintenance

4%

$158

Other

11%

$434

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