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$9,212 (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 Mid-Term investment with a projected -3.73% first-year return on $249k initial cash invested.

-3.73%

Cash On Cash

5.58%

Cap Rate

0.93

DSCR

$9,212

Rent

-$774

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$9,212 income − $9,986 expenses = $774 out of pocket

Income$9,212Out of Pocket$774Mortgage P&I$5,52560%Property Taxes$94610%Insurance$3854%Management$1,10512%CapEx$3684%Vacancy$2763%Maintenance$3684%Other$1,01311%

Investment Breakdown

|

Purchase Price

$1100k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$249k

Downpayment

20%

$220k

Closing costs

1%

$11,000

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$9,212

Total Expenses

$9,986

Mortgage P&I

60%

$5,525

Property Taxes

10%

$946

Home Insurance

4%

$385

HOA

0%

$0

Property Management

12%

$1,105

CapEx

4%

$368

Vacancy

3%

$276

Maintenance

4%

$368

Other

11%

$1,013

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