REI Lense

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$3,432 (target)

2081 Utopia Dr, Miramar, FL 33023

3 beds • 2 baths • 1395 sqft

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This property looks like a bad Long-Term investment with a projected -13.26% first-year return on $114k initial cash invested.

-13.26%

Cash On Cash

3.82%

Cap Rate

0.61

DSCR

$3,432

Rent

-$1,265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,432 income − $4,697 expenses = $1,265 out of pocket

Income$3,432Out of Pocket$1,265Mortgage P&I$2,82682%Property Taxes$78623%Insurance$1926%Management$34310%CapEx$1725%Vacancy$2066%Maintenance$1725%

Investment Breakdown

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Purchase Price

$545k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$109k

Closing costs

1%

$5,451

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,432

Total Expenses

$4,697

Mortgage P&I

82%

$2,826

Property Taxes

23%

$786

Home Insurance

6%

$192

HOA

0%

$0

Property Management

10%

$343

CapEx

5%

$172

Vacancy

6%

$206

Maintenance

5%

$172

Other

0%

$0

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