REI Lense

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$3,494 (target)

427 Kimberly Dr, Melbourne, FL 32940

3 beds • 3 baths • 3326 sqft

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This property looks like a bad Long-Term investment with a projected -12.84% first-year return on $132k initial cash invested.

-12.84%

Cash On Cash

3.59%

Cap Rate

0.6

DSCR

$3,494

Rent

-$1,413

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,494 income − $4,907 expenses = $1,413 out of pocket

Income$3,494Out of Pocket$1,413Mortgage P&I$3,11889%Property Taxes$63518%Insurance$2206%HOA$251%Management$34910%CapEx$1755%Vacancy$2106%Maintenance$1755%

Investment Breakdown

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Purchase Price

$629k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$126k

Closing costs

1%

$6,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,494

Total Expenses

$4,907

Mortgage P&I

89%

$3,118

Property Taxes

18%

$635

Home Insurance

6%

$220

HOA

1%

$25

Property Management

10%

$349

CapEx

5%

$175

Vacancy

6%

$210

Maintenance

5%

$175

Other

0%

$0

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