REI Lense

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$5,666 (target)

740 NW 187TH Drive, Miami Gardens, FL 33169

3 beds • 2 baths • 2088 sqft

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This property looks like a bad Mid-Term investment with a projected -1.01% first-year return on $132k initial cash invested.

-1.01%

Cash On Cash

6.5%

Cap Rate

1.04

DSCR

$5,666

Rent

-$111

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,666 income − $5,777 expenses = $111 out of pocket

Income$5,666Out of Pocket$111Mortgage P&I$2,82250%Property Taxes$83615%Insurance$1923%Management$68012%CapEx$2274%Vacancy$1703%Maintenance$2274%Other$62311%

Investment Breakdown

|

Purchase Price

$542k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$108k

Closing costs

1%

$5,424

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,666

Total Expenses

$5,777

Mortgage P&I

50%

$2,822

Property Taxes

15%

$836

Home Insurance

3%

$192

HOA

0%

$0

Property Management

12%

$680

CapEx

4%

$227

Vacancy

3%

$170

Maintenance

4%

$227

Other

11%

$623

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