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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 -16.3% first-year return on $119k initial cash invested.

-16.3%

Cash On Cash

2.08%

Cap Rate

0.35

DSCR

$1,960

Rent

-$1,611

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,960 income − $3,571 expenses = $1,611 out of pocket

Income$1,960Out of Pocket$1,611Mortgage P&I$2,363121%Property Taxes$1005%Insurance$1689%Management$29415%CapEx$784%Maintenance$784%Other$49025%

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

$1,960

Total Expenses

$3,571

Mortgage P&I

121%

$2,363

Property Taxes

5%

$100

Home Insurance

9%

$168

HOA

0%

$0

Property Management

15%

$294

CapEx

4%

$78

Vacancy

0%

$0

Maintenance

4%

$78

Other

25%

$490

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