REI Lense

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$3,351 (target)

7917 Shalimar St, Miramar, FL 33023

3 beds • 2 baths • 1476 sqft

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This property looks like a bad Long-Term investment with a projected -14.02% first-year return on $123k initial cash invested.

-14.02%

Cash On Cash

3.74%

Cap Rate

0.59

DSCR

$3,351

Rent

-$1,435

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,351 income − $4,786 expenses = $1,435 out of pocket

Income$3,351Out of Pocket$1,435Mortgage P&I$3,09092%Property Taxes$82225%Insurance$2Management$33510%CapEx$1685%Vacancy$2016%Maintenance$1685%

Investment Breakdown

|

Purchase Price

$585k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$117k

Closing costs

1%

$5,848

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,351

Total Expenses

$4,786

Mortgage P&I

92%

$3,090

Property Taxes

25%

$822

Home Insurance

0%

$2

HOA

0%

$0

Property Management

10%

$335

CapEx

5%

$168

Vacancy

6%

$201

Maintenance

5%

$168

Other

0%

$0

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