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$3,083 (target)

6968 W 24th Ct, Hialeah, FL 33016

3 beds • 2 baths • 1414 sqft

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This property looks like a bad Long-Term investment with a projected -14.92% first-year return on $112k initial cash invested.

-14.92%

Cash On Cash

3.84%

Cap Rate

0.58

DSCR

$3,083

Rent

-$1,398

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,083 income − $4,481 expenses = $1,398 out of pocket

Income$3,083Out of Pocket$1,398Mortgage P&I$2,95896%Property Taxes$53117%Insurance$1916%Management$30810%CapEx$1545%Vacancy$1856%Maintenance$1545%

Investment Breakdown

|

Purchase Price

$535k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$107k

Closing costs

1%

$5,354

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,083

Total Expenses

$4,481

Mortgage P&I

96%

$2,958

Property Taxes

17%

$531

Home Insurance

6%

$191

HOA

0%

$0

Property Management

10%

$308

CapEx

5%

$154

Vacancy

6%

$185

Maintenance

5%

$154

Other

0%

$0

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