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2081 Utopia Dr, Miramar, FL 33023

3 beds • 2 baths • 1395 sqft

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This property looks like a bad Airbnb investment with a projected -16.09% first-year return on $132k initial cash invested.

-16.09%

Cash On Cash

2.65%

Cap Rate

0.43

DSCR

$3,900

Rent

-$1,776

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,900 income − $5,676 expenses = $1,776 out of pocket

Income$3,900Out of Pocket$1,776Mortgage P&I$2,82672%Property Taxes$78620%Insurance$1925%Management$58515%CapEx$1564%Maintenance$1564%Other$97525%

Investment Breakdown

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Purchase Price

$545k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$109k

Closing costs

1%

$5,451

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,900

Total Expenses

$5,676

Mortgage P&I

72%

$2,826

Property Taxes

20%

$786

Home Insurance

5%

$192

HOA

0%

$0

Property Management

15%

$585

CapEx

4%

$156

Vacancy

0%

$0

Maintenance

4%

$156

Other

25%

$975

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