REI Lense

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$3,788 (target)

3405 Garnet Rd, Miramar, FL 33025

3 beds • 2 baths • 1619 sqft

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This property looks like a bad Long-Term investment with a projected -7.77% first-year return on $121k initial cash invested.

-7.77%

Cash On Cash

5.28%

Cap Rate

0.81

DSCR

$3,788

Rent

-$785

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,788 income − $4,573 expenses = $785 out of pocket

Income$3,788Out of Pocket$785Mortgage P&I$3,13683%Property Taxes$2477%Insurance$2065%Management$37910%CapEx$1895%Vacancy$2276%Maintenance$1895%

Investment Breakdown

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Purchase Price

$577k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$115k

Closing costs

1%

$5,773

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,788

Total Expenses

$4,573

Mortgage P&I

83%

$3,136

Property Taxes

7%

$247

Home Insurance

5%

$206

HOA

0%

$0

Property Management

10%

$379

CapEx

5%

$189

Vacancy

6%

$227

Maintenance

5%

$189

Other

0%

$0

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