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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 -17.26% first-year return on $119k initial cash invested.

-17.26%

Cash On Cash

1.82%

Cap Rate

0.31

DSCR

$1,778

Rent

-$1,706

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,778 income − $3,484 expenses = $1,706 out of pocket

Income$1,778Out of Pocket$1,706Mortgage P&I$2,363133%Property Taxes$1006%Insurance$1689%Management$26715%CapEx$714%Maintenance$714%Other$44425%

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

$1,778

Total Expenses

$3,484

Mortgage P&I

133%

$2,363

Property Taxes

6%

$100

Home Insurance

9%

$168

HOA

0%

$0

Property Management

15%

$267

CapEx

4%

$71

Vacancy

0%

$0

Maintenance

4%

$71

Other

25%

$444

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