REI Lense

REI Lense

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$4,244 (target)

21002 NW 34th Ct, Miami Gardens, FL 33056

3 beds • 2 baths • 880 sqft

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This property looks like a bad Mid-Term investment with a projected -4.99% first-year return on $126k initial cash invested.

-4.99%

Cash On Cash

5.44%

Cap Rate

0.87

DSCR

$4,244

Rent

-$524

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,244 income − $4,768 expenses = $524 out of pocket

Income$4,244Out of Pocket$524Mortgage P&I$2,68963%Property Taxes$45611%Insurance$1804%Management$50912%CapEx$1704%Vacancy$1273%Maintenance$1704%Other$46711%

Investment Breakdown

|

Purchase Price

$515k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$103k

Closing costs

1%

$5,149

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,244

Total Expenses

$4,768

Mortgage P&I

63%

$2,689

Property Taxes

11%

$456

Home Insurance

4%

$180

HOA

0%

$0

Property Management

12%

$509

CapEx

4%

$170

Vacancy

3%

$127

Maintenance

4%

$170

Other

11%

$467

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