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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 -29.7% first-year return on $433k initial cash invested.

-29.7%

Cash On Cash

-0.35%

Cap Rate

-0.06

DSCR

$3,282

Rent

-$10,717

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,282 income − $13,999 expenses = $10,717 out of pocket

Income$3,282Out of Pocket$10,717Mortgage P&I$10,007305%Property Taxes$1,82356%Insurance$59518%Management$49215%CapEx$1314%Maintenance$1314%Other$82025%

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

$3,282

Total Expenses

$13,999

Mortgage P&I

305%

$10,007

Property Taxes

56%

$1,823

Home Insurance

18%

$595

HOA

0%

$0

Property Management

15%

$492

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$820

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