REI Lense

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$4,006 (target)

710 Misty Creek Dr, Melbourne, FL 32940

3 beds • 2 baths • 2009 sqft

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This property looks like a bad Mid-Term investment with a projected -2.93% first-year return on $112k initial cash invested.

-2.93%

Cash On Cash

5.89%

Cap Rate

0.95

DSCR

$4,006

Rent

-$274

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,006 income − $4,280 expenses = $274 out of pocket

Income$4,006Out of Pocket$274Mortgage P&I$2,31958%Property Taxes$2155%Insurance$1634%HOA$2216%Management$48112%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44111%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,860

Closing costs

1%

$4,493

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,006

Total Expenses

$4,280

Mortgage P&I

58%

$2,319

Property Taxes

5%

$215

Home Insurance

4%

$163

HOA

6%

$221

Property Management

12%

$481

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$441

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