REI Lense

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$3,106 (target)

18815 NW 37th Ave, Miami Gardens, FL 33056

3 beds • 2 baths • 1701 sqft

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This property looks like a bad Long-Term investment with a projected -8.66% first-year return on $104k initial cash invested.

-8.66%

Cash On Cash

4.46%

Cap Rate

0.76

DSCR

$3,106

Rent

-$754

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,106 income − $3,860 expenses = $754 out of pocket

Income$3,106Out of Pocket$754Mortgage P&I$2,44779%Property Taxes$41413%Insurance$1926%Management$31110%CapEx$1555%Vacancy$1866%Maintenance$1555%

Investment Breakdown

|

Purchase Price

$498k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$99,500

Closing costs

1%

$4,975

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,106

Total Expenses

$3,860

Mortgage P&I

79%

$2,447

Property Taxes

13%

$414

Home Insurance

6%

$192

HOA

0%

$0

Property Management

10%

$311

CapEx

5%

$155

Vacancy

6%

$186

Maintenance

5%

$155

Other

0%

$0

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