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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 Airbnb investment with a projected -30.72% first-year return on $433k initial cash invested.

-30.72%

Cash On Cash

-0.59%

Cap Rate

-0.1

DSCR

$2,578

Rent

-$11,084

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,578 income − $13,662 expenses = $11,084 out of pocket

Income$2,578Out of Pocket$11,084Mortgage P&I$10,007388%Property Taxes$1,82371%Insurance$59523%Management$38715%CapEx$1034%Maintenance$1034%Other$64425%

Investment Breakdown

|

Purchase Price

$1976k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$433k

Downpayment

20%

$395k

Closing costs

1%

$19,763

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,578

Total Expenses

$13,662

Mortgage P&I

388%

$10,007

Property Taxes

71%

$1,823

Home Insurance

23%

$595

HOA

0%

$0

Property Management

15%

$387

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$644

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