REI Lense

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$2,941 (target)

4854 Borealis Ct, Melbourne, FL 32940

3 beds • 2 baths • 1959 sqft

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This property looks like a bad Long-Term investment with a projected -10.73% first-year return on $92,862 initial cash invested.

-10.73%

Cash On Cash

4.23%

Cap Rate

0.7

DSCR

$2,941

Rent

-$830

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,941 income − $3,771 expenses = $830 out of pocket

Income$2,941Out of Pocket$830Mortgage P&I$2,24376%Property Taxes$54519%Insurance$1595%HOA$602%Management$29410%CapEx$1475%Vacancy$1766%Maintenance$1475%

Investment Breakdown

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Purchase Price

$442k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,862

Downpayment

20%

$88,440

Closing costs

1%

$4,422

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,941

Total Expenses

$3,771

Mortgage P&I

76%

$2,243

Property Taxes

19%

$545

Home Insurance

5%

$159

HOA

2%

$60

Property Management

10%

$294

CapEx

5%

$147

Vacancy

6%

$176

Maintenance

5%

$147

Other

0%

$0

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