REI Lense

REI Lense

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$2,700 (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 Long-Term investment with a projected -21.04% first-year return on $140k initial cash invested.

-21.04%

Cash On Cash

1.91%

Cap Rate

0.31

DSCR

$2,700

Rent

-$2,449

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,700 income − $5,149 expenses = $2,449 out of pocket

Income$2,700Out of Pocket$2,449Mortgage P&I$3,374125%Property Taxes$84031%Insurance$2339%Management$27010%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

|

Purchase Price

$665k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$133k

Closing costs

1%

$6,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,700

Total Expenses

$5,149

Mortgage P&I

125%

$3,374

Property Taxes

31%

$840

Home Insurance

9%

$233

HOA

0%

$0

Property Management

10%

$270

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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