REI Lense

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$6,108 (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 Mid-Term investment with a projected -13.3% first-year return on $220k initial cash invested.

-13.3%

Cash On Cash

3.86%

Cap Rate

0.59

DSCR

$6,108

Rent

-$2,440

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,108 income − $8,548 expenses = $2,440 out of pocket

Income$6,108Out of Pocket$2,440Mortgage P&I$5,29287%Property Taxes$83014%Insurance$3506%Management$73312%CapEx$2444%Vacancy$1833%Maintenance$2444%Other$67211%

Investment Breakdown

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Purchase Price

$963k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$220k

Downpayment

20%

$193k

Closing costs

1%

$9,625

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,108

Total Expenses

$8,548

Mortgage P&I

87%

$5,292

Property Taxes

14%

$830

Home Insurance

6%

$350

HOA

0%

$0

Property Management

12%

$733

CapEx

4%

$244

Vacancy

3%

$183

Maintenance

4%

$244

Other

11%

$672

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