REI Lense

REI Lense

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$4,050 (target)

18425 NW 23rd Ave, Miami Gardens, FL 33056

3 beds • 3 baths • 1965 sqft

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This property looks like a bad Mid-Term investment with a projected -13.51% first-year return on $158k initial cash invested.

-13.51%

Cash On Cash

3.18%

Cap Rate

0.52

DSCR

$4,050

Rent

-$1,775

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,050 income − $5,825 expenses = $1,775 out of pocket

Income$4,050Out of Pocket$1,775Mortgage P&I$3,37483%Property Taxes$84021%Insurance$2336%Management$48612%CapEx$1624%Vacancy$1223%Maintenance$1624%Other$44611%

Investment Breakdown

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Purchase Price

$665k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$158k

Downpayment

20%

$133k

Closing costs

1%

$6,650

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,050

Total Expenses

$5,825

Mortgage P&I

83%

$3,374

Property Taxes

21%

$840

Home Insurance

6%

$233

HOA

0%

$0

Property Management

12%

$486

CapEx

4%

$162

Vacancy

3%

$122

Maintenance

4%

$162

Other

11%

$446

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