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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 -11.15% first-year return on $115k initial cash invested.

-11.15%

Cash On Cash

3.89%

Cap Rate

0.62

DSCR

$4,037

Rent

-$1,072

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,037 income − $5,109 expenses = $1,072 out of pocket

Income$4,037Out of Pocket$1,072Mortgage P&I$2,41360%Property Taxes$1734%Insurance$1644%HOA$42210%Management$60615%CapEx$1614%Maintenance$1614%Other$1,00925%

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

$4,037

Total Expenses

$5,109

Mortgage P&I

60%

$2,413

Property Taxes

4%

$173

Home Insurance

4%

$164

HOA

10%

$422

Property Management

15%

$606

CapEx

4%

$161

Vacancy

0%

$0

Maintenance

4%

$161

Other

25%

$1,009

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