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1621 Nocatee Dr, Miami, FL 33133

3 beds • 3 baths • 2567 sqft

$2,600,600

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This property looks like a bad Airbnb investment with a projected -25.75% first-year return on $564k initial cash invested.

-25.75%

Cash On Cash

0.59%

Cap Rate

0.1

DSCR

$5,580

Rent

-$12,105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,580 income − $17,685 expenses = $12,105 out of pocket

Income$5,580Out of Pocket$12,105Mortgage P&I$13,168236%Property Taxes$79114%Insurance$1,04819%Management$83715%CapEx$2234%Maintenance$2234%Other$1,39525%

Investment Breakdown

|

Purchase Price

$2601k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$564k

Downpayment

20%

$520k

Closing costs

1%

$26,006

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,580

Total Expenses

$17,685

Mortgage P&I

236%

$13,168

Property Taxes

14%

$791

Home Insurance

19%

$1,048

HOA

0%

$0

Property Management

15%

$837

CapEx

4%

$223

Vacancy

0%

$0

Maintenance

4%

$223

Other

25%

$1,395

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