REI Lense

REI Lense

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$3,602 (target)

6641 Emerald Lake Drive, Miramar, FL 33023

3 beds • 2 baths • 1762 sqft

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This property looks like a bad Long-Term investment with a projected -12.46% first-year return on $120k initial cash invested.

-12.46%

Cash On Cash

3.69%

Cap Rate

0.62

DSCR

$3,602

Rent

-$1,251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,602 income − $4,853 expenses = $1,251 out of pocket

Income$3,602Out of Pocket$1,251Mortgage P&I$2,83379%Property Taxes$88124%Insurance$2036%Management$36010%CapEx$1805%Vacancy$2166%Maintenance$1805%

Investment Breakdown

|

Purchase Price

$574k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$115k

Closing costs

1%

$5,736

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,602

Total Expenses

$4,853

Mortgage P&I

79%

$2,833

Property Taxes

24%

$881

Home Insurance

6%

$203

HOA

0%

$0

Property Management

10%

$360

CapEx

5%

$180

Vacancy

6%

$216

Maintenance

5%

$180

Other

0%

$0

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