REI Lense

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$5,774 (target)

1371 71st St, Miami Beach, FL 33141

3 beds • 2 baths • 1044 sqft

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This property looks like a bad Mid-Term investment with a projected -15.93% first-year return on $215k initial cash invested.

-15.93%

Cash On Cash

3.25%

Cap Rate

0.49

DSCR

$5,774

Rent

-$2,857

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,774 income − $8,631 expenses = $2,857 out of pocket

Income$5,774Out of Pocket$2,857Mortgage P&I$5,16890%Property Taxes$1,15020%Insurance$3506%Management$69312%CapEx$2314%Vacancy$1733%Maintenance$2314%Other$63511%

Investment Breakdown

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Purchase Price

$939k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$215k

Downpayment

20%

$188k

Closing costs

1%

$9,394

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,774

Total Expenses

$8,631

Mortgage P&I

90%

$5,168

Property Taxes

20%

$1,150

Home Insurance

6%

$350

HOA

0%

$0

Property Management

12%

$693

CapEx

4%

$231

Vacancy

3%

$173

Maintenance

4%

$231

Other

11%

$635

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