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3021 NW 184th St, Miami Gardens, FL 33056

3 beds • 2 baths • 1170 sqft

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This property looks like a bad Airbnb investment with a projected -17.34% first-year return on $119k initial cash invested.

-17.34%

Cash On Cash

1.8%

Cap Rate

0.3

DSCR

$1,761

Rent

-$1,714

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,761 income − $3,475 expenses = $1,714 out of pocket

Income$1,761Out of Pocket$1,714Mortgage P&I$2,363134%Property Taxes$1006%Insurance$16810%Management$26415%CapEx$704%Maintenance$704%Other$44025%

Investment Breakdown

|

Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,800

Closing costs

1%

$4,790

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,761

Total Expenses

$3,475

Mortgage P&I

134%

$2,363

Property Taxes

6%

$100

Home Insurance

10%

$168

HOA

0%

$0

Property Management

15%

$264

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$440

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