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$6,346 (target)

601 NE 105 Street, Miami Shores, FL 33138

3 beds • 2 baths • 2561 sqft

$1,350,000

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This property looks like a bad Long-Term investment with a projected -12.51% first-year return on $284k initial cash invested.

-12.51%

Cash On Cash

3.73%

Cap Rate

0.61

DSCR

$6,346

Rent

-$2,956

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,346 income − $9,302 expenses = $2,956 out of pocket

Income$6,346Out of Pocket$2,956Mortgage P&I$6,836108%Property Taxes$3445%Insurance$4727%Management$63510%CapEx$3175%Vacancy$3816%Maintenance$3175%

Investment Breakdown

|

Purchase Price

$1350k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$284k

Downpayment

20%

$270k

Closing costs

1%

$13,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$6,346

Total Expenses

$9,302

Mortgage P&I

108%

$6,836

Property Taxes

5%

$344

Home Insurance

7%

$472

HOA

0%

$0

Property Management

10%

$635

CapEx

5%

$317

Vacancy

6%

$381

Maintenance

5%

$317

Other

0%

$0

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