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8903 Nixie Ave, Melbourne, FL 32940

3 beds • 2 baths • 1640 sqft

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This property looks like a bad Airbnb investment with a projected -11.87% first-year return on $115k initial cash invested.

-11.87%

Cash On Cash

3.69%

Cap Rate

0.59

DSCR

$3,904

Rent

-$1,142

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,904 income − $5,046 expenses = $1,142 out of pocket

Income$3,904Out of Pocket$1,142Mortgage P&I$2,41362%Property Taxes$1734%Insurance$1644%HOA$42211%Management$58615%CapEx$1564%Maintenance$1564%Other$97625%

Investment Breakdown

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Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,780

Closing costs

1%

$4,639

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,904

Total Expenses

$5,046

Mortgage P&I

62%

$2,413

Property Taxes

4%

$173

Home Insurance

4%

$164

HOA

11%

$422

Property Management

15%

$586

CapEx

4%

$156

Vacancy

0%

$0

Maintenance

4%

$156

Other

25%

$976

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