REI Lense

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$2,508 (target)

3810 Connors Cv, Melbourne, FL 32934

3 beds • 2 baths • 1688 sqft

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This property looks like a bad Long-Term investment with a projected -12.7% first-year return on $110k initial cash invested.

-12.7%

Cash On Cash

3.67%

Cap Rate

0.61

DSCR

$2,508

Rent

-$1,167

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,508 income − $3,675 expenses = $1,167 out of pocket

Income$2,508Out of Pocket$1,167Mortgage P&I$2,648106%Property Taxes$1847%Insurance$1928%Management$25110%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

|

Purchase Price

$525k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$105k

Closing costs

1%

$5,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,508

Total Expenses

$3,675

Mortgage P&I

106%

$2,648

Property Taxes

7%

$184

Home Insurance

8%

$192

HOA

0%

$0

Property Management

10%

$251

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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