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$9,152 (target)

3716 Prairie Ave, Miami Beach, FL 33140

3 beds • 2 baths • 2131 sqft

$2,900,000

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This property looks like a bad Mid-Term investment with a projected -20.53% first-year return on $627k initial cash invested.

-20.53%

Cash On Cash

1.74%

Cap Rate

0.29

DSCR

$9,152

Rent

-$10,725

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$9,152 income − $19,877 expenses = $10,725 out of pocket

Income$9,152Out of Pocket$10,725Mortgage P&I$14,553159%Property Taxes$1,19713%Insurance$1,01511%Management$1,09812%CapEx$3664%Vacancy$2753%Maintenance$3664%Other$1,00711%

Investment Breakdown

|

Purchase Price

$2900k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$627k

Downpayment

20%

$580k

Closing costs

1%

$29,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$9,152

Total Expenses

$19,877

Mortgage P&I

159%

$14,553

Property Taxes

13%

$1,197

Home Insurance

11%

$1,015

HOA

0%

$0

Property Management

12%

$1,098

CapEx

4%

$366

Vacancy

3%

$275

Maintenance

4%

$366

Other

11%

$1,007

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