REI Lense

REI Lense

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$2,889 (target)

19531 NW 1st Pl, Miami Gardens, FL 33169

3 beds • 2 baths • 1429 sqft

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This property looks like a bad Long-Term investment with a projected -11.5% first-year return on $124k initial cash invested.

-11.5%

Cash On Cash

3.83%

Cap Rate

0.64

DSCR

$2,889

Rent

-$1,187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,889 income − $4,076 expenses = $1,187 out of pocket

Income$2,889Out of Pocket$1,187Mortgage P&I$2,924101%Property Taxes$1967%Insurance$2067%Management$28910%CapEx$1445%Vacancy$1736%Maintenance$1445%

Investment Breakdown

|

Purchase Price

$590k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$118k

Closing costs

1%

$5,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,889

Total Expenses

$4,076

Mortgage P&I

101%

$2,924

Property Taxes

7%

$196

Home Insurance

7%

$206

HOA

0%

$0

Property Management

10%

$289

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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