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$6,501 (target)

1324 Lenox Avenue, Miami Beach, FL 33139

3 beds • 2 baths • 1512 sqft

$1,700,000

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This property looks like a bad Long-Term investment with a projected -15.09% first-year return on $357k initial cash invested.

-15.09%

Cash On Cash

3.04%

Cap Rate

0.51

DSCR

$6,501

Rent

-$4,488

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,501 income − $10,989 expenses = $4,488 out of pocket

Income$6,501Out of Pocket$4,488Mortgage P&I$8,466130%Property Taxes$2384%Insurance$5959%Management$65010%CapEx$3255%Vacancy$3906%Maintenance$3255%

Investment Breakdown

|

Purchase Price

$1700k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$357k

Downpayment

20%

$340k

Closing costs

1%

$17,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$6,501

Total Expenses

$10,989

Mortgage P&I

130%

$8,466

Property Taxes

4%

$238

Home Insurance

9%

$595

HOA

0%

$0

Property Management

10%

$650

CapEx

5%

$325

Vacancy

6%

$390

Maintenance

5%

$325

Other

0%

$0

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