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$6,141 (target)

337 W 28th St, Miami Beach, FL 33140

3 beds • 3 baths • 1667 sqft

$1,100,000

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This property looks like a bad Long-Term investment with a projected -12.01% first-year return on $231k initial cash invested.

-12.01%

Cash On Cash

3.84%

Cap Rate

0.64

DSCR

$6,141

Rent

-$2,311

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,141 income − $8,452 expenses = $2,311 out of pocket

Income$6,141Out of Pocket$2,311Mortgage P&I$5,52590%Property Taxes$94615%Insurance$3856%Management$61410%CapEx$3075%Vacancy$3686%Maintenance$3075%

Investment Breakdown

|

Purchase Price

$1100k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$231k

Downpayment

20%

$220k

Closing costs

1%

$11,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$6,141

Total Expenses

$8,452

Mortgage P&I

90%

$5,525

Property Taxes

15%

$946

Home Insurance

6%

$385

HOA

0%

$0

Property Management

10%

$614

CapEx

5%

$307

Vacancy

6%

$368

Maintenance

5%

$307

Other

0%

$0

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