REI Lense

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$4,072 (target)

6951 Miami Lakeway S, Miami Lakes, FL 33014

3 beds • 2 baths • 1833 sqft

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This property looks like a bad Long-Term investment with a projected -20.54% first-year return on $202k initial cash invested.

-20.54%

Cash On Cash

2.54%

Cap Rate

0.38

DSCR

$4,072

Rent

-$3,459

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,072 income − $7,531 expenses = $3,459 out of pocket

Income$4,072Out of Pocket$3,459Mortgage P&I$5,292130%Property Taxes$83020%Insurance$3509%Management$40710%CapEx$2045%Vacancy$2446%Maintenance$2045%

Investment Breakdown

|

Purchase Price

$963k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$202k

Downpayment

20%

$193k

Closing costs

1%

$9,625

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,072

Total Expenses

$7,531

Mortgage P&I

130%

$5,292

Property Taxes

20%

$830

Home Insurance

9%

$350

HOA

0%

$0

Property Management

10%

$407

CapEx

5%

$204

Vacancy

6%

$244

Maintenance

5%

$204

Other

0%

$0

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