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$3,376 (target)

807 Ballard Dr, Melbourne, FL 32935

3 beds • 2 baths • 1728 sqft

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This property looks like a bad Mid-Term investment with a projected -6.48% first-year return on $106k initial cash invested.

-6.48%

Cash On Cash

5.09%

Cap Rate

0.8

DSCR

$3,376

Rent

-$572

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,376 income − $3,948 expenses = $572 out of pocket

Income$3,376Out of Pocket$572Mortgage P&I$2,21466%Property Taxes$43413%Insurance$1535%Management$40512%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37111%

Investment Breakdown

|

Purchase Price

$419k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,780

Closing costs

1%

$4,189

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,376

Total Expenses

$3,948

Mortgage P&I

66%

$2,214

Property Taxes

13%

$434

Home Insurance

5%

$153

HOA

0%

$0

Property Management

12%

$405

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$371

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