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$7,494 (target)

745 S Shore Dr, Miami Beach, FL 33141

3 beds • 3 baths • 1971 sqft

$1,976,300

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This property looks like a bad Long-Term investment with a projected -19.89% first-year return on $415k initial cash invested.

-19.89%

Cash On Cash

2.13%

Cap Rate

0.35

DSCR

$7,494

Rent

-$6,880

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,494 income − $14,374 expenses = $6,880 out of pocket

Income$7,494Out of Pocket$6,880Mortgage P&I$10,007134%Property Taxes$1,82324%Insurance$5958%Management$74910%CapEx$3755%Vacancy$4506%Maintenance$3755%

Investment Breakdown

|

Purchase Price

$1976k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$415k

Downpayment

20%

$395k

Closing costs

1%

$19,763

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$7,494

Total Expenses

$14,374

Mortgage P&I

134%

$10,007

Property Taxes

24%

$1,823

Home Insurance

8%

$595

HOA

0%

$0

Property Management

10%

$749

CapEx

5%

$375

Vacancy

6%

$450

Maintenance

5%

$375

Other

0%

$0

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