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$3,904 (target)

510 Magnolia Ave, Melbourne Beach, FL 32951

3 beds • 2 baths • 1610 sqft

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This property looks like a bad Mid-Term investment with a projected -11.05% first-year return on $155k initial cash invested.

-11.05%

Cash On Cash

3.61%

Cap Rate

0.61

DSCR

$3,904

Rent

-$1,423

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,904 income − $5,327 expenses = $1,423 out of pocket

Income$3,904Out of Pocket$1,423Mortgage P&I$3,22583%Property Taxes$54814%Insurance$2286%Management$46812%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$42911%

Investment Breakdown

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Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$155k

Downpayment

20%

$130k

Closing costs

1%

$6,500

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,904

Total Expenses

$5,327

Mortgage P&I

83%

$3,225

Property Taxes

14%

$548

Home Insurance

6%

$228

HOA

0%

$0

Property Management

12%

$468

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$429

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