REI Lense

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$2,829 (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 Long-Term investment with a projected -13.66% first-year return on $108k initial cash invested.

-13.66%

Cash On Cash

3.73%

Cap Rate

0.59

DSCR

$2,829

Rent

-$1,231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,829 income − $4,060 expenses = $1,231 out of pocket

Income$2,829Out of Pocket$1,231Mortgage P&I$2,68995%Property Taxes$45616%Insurance$1806%Management$28310%CapEx$1415%Vacancy$1706%Maintenance$1415%

Investment Breakdown

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Purchase Price

$515k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$103k

Closing costs

1%

$5,149

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,829

Total Expenses

$4,060

Mortgage P&I

95%

$2,689

Property Taxes

16%

$456

Home Insurance

6%

$180

HOA

0%

$0

Property Management

10%

$283

CapEx

5%

$141

Vacancy

6%

$170

Maintenance

5%

$141

Other

0%

$0

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