REI Lense

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$5,403 (target)

6641 Emerald Lake Drive, Miramar, FL 33023

3 beds • 2 baths • 1762 sqft

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This property looks like a bad Mid-Term investment with a projected -3.03% first-year return on $138k initial cash invested.

-3.03%

Cash On Cash

5.65%

Cap Rate

0.95

DSCR

$5,403

Rent

-$350

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,403 income − $5,753 expenses = $350 out of pocket

Income$5,403Out of Pocket$350Mortgage P&I$2,83352%Property Taxes$88116%Insurance$2034%Management$64812%CapEx$2164%Vacancy$1623%Maintenance$2164%Other$59411%

Investment Breakdown

|

Purchase Price

$574k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$115k

Closing costs

1%

$5,736

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,403

Total Expenses

$5,753

Mortgage P&I

52%

$2,833

Property Taxes

16%

$881

Home Insurance

4%

$203

HOA

0%

$0

Property Management

12%

$648

CapEx

4%

$216

Vacancy

3%

$162

Maintenance

4%

$216

Other

11%

$594

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