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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 -25.77% first-year return on $564k initial cash invested.

-25.77%

Cash On Cash

0.59%

Cap Rate

0.1

DSCR

$5,561

Rent

-$12,114

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,561 income − $17,675 expenses = $12,114 out of pocket

Income$5,561Out of Pocket$12,114Mortgage P&I$13,168237%Property Taxes$79114%Insurance$1,04819%Management$83415%CapEx$2224%Maintenance$2224%Other$1,39025%

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

$5,561

Total Expenses

$17,675

Mortgage P&I

237%

$13,168

Property Taxes

14%

$791

Home Insurance

19%

$1,048

HOA

0%

$0

Property Management

15%

$834

CapEx

4%

$222

Vacancy

0%

$0

Maintenance

4%

$222

Other

25%

$1,390

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