REI Lense

REI Lense

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$1,874 (target)

600 Roberts Street, Melbourne, FL 32901

3 beds • 2 baths • 1348 sqft

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This property might be a fair Long-Term investment with a projected 5.86% first-year return on $38,913 initial cash invested.

5.86%

Cash On Cash

8.17%

Cap Rate

1.29

DSCR

$1,874

Rent

$190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$185k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,913

Downpayment

20%

$37,060

Closing costs

1%

$1,853

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,874

Total Expenses

$1,684

Mortgage P&I

52%

$977

Property Taxes

7%

$132

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$94

Vacancy

6%

$112

Maintenance

5%

$94

Other

0%

$0

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