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$6,474 (target)

10417 NE 2nd Ave, Miami Shores, FL 33138

3 beds • 2 baths • 1656 sqft

$1,131,500

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This property looks like a bad Long-Term investment with a projected -13.94% first-year return on $238k initial cash invested.

-13.94%

Cash On Cash

4.09%

Cap Rate

0.61

DSCR

$6,474

Rent

-$2,761

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,474 income − $9,235 expenses = $2,761 out of pocket

Income$6,474Out of Pocket$2,761Mortgage P&I$6,29197%Property Taxes$84513%Insurance$4166%Management$64710%CapEx$3245%Vacancy$3886%Maintenance$3245%

Investment Breakdown

|

Purchase Price

$1132k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$238k

Downpayment

20%

$226k

Closing costs

1%

$11,315

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$6,474

Total Expenses

$9,235

Mortgage P&I

97%

$6,291

Property Taxes

13%

$845

Home Insurance

6%

$416

HOA

0%

$0

Property Management

10%

$647

CapEx

5%

$324

Vacancy

6%

$388

Maintenance

5%

$324

Other

0%

$0

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