REI Lense

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$3,849 (target)

1371 71st St, Miami Beach, FL 33141

3 beds • 2 baths • 1044 sqft

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This property looks like a bad Long-Term investment with a projected -23.23% first-year return on $197k initial cash invested.

-23.23%

Cash On Cash

1.97%

Cap Rate

0.3

DSCR

$3,849

Rent

-$3,819

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,849 income − $7,668 expenses = $3,819 out of pocket

Income$3,849Out of Pocket$3,819Mortgage P&I$5,168134%Property Taxes$1,15030%Insurance$3509%Management$38510%CapEx$1925%Vacancy$2316%Maintenance$1925%

Investment Breakdown

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Purchase Price

$939k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$197k

Downpayment

20%

$188k

Closing costs

1%

$9,394

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,849

Total Expenses

$7,668

Mortgage P&I

134%

$5,168

Property Taxes

30%

$1,150

Home Insurance

9%

$350

HOA

0%

$0

Property Management

10%

$385

CapEx

5%

$192

Vacancy

6%

$231

Maintenance

5%

$192

Other

0%

$0

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