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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 -16.5% first-year return on $119k initial cash invested.

-16.5%

Cash On Cash

2.03%

Cap Rate

0.34

DSCR

$1,922

Rent

-$1,631

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,922 income − $3,553 expenses = $1,631 out of pocket

Income$1,922Out of Pocket$1,631Mortgage P&I$2,363123%Property Taxes$1005%Insurance$1689%Management$28815%CapEx$774%Maintenance$774%Other$48025%

Investment Breakdown

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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

$1,922

Total Expenses

$3,553

Mortgage P&I

123%

$2,363

Property Taxes

5%

$100

Home Insurance

9%

$168

HOA

0%

$0

Property Management

15%

$288

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$480

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