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Property Breakdowns
11780 SW 18 St Unit 230-2 Single
Miami, FL 33175 · 3bd/2.0ba · 1,000sf · Built 1984Asking Price
3.5% down, great for first-time buyers
Down Payment: $10,465
Loan Amount: $293,584
Fees / MIP: $5,049
Closing Costs: $8,970
Reserves (3mo): $6,168
Total Cash Needed: $25,603
Monthly Expenses
Mortgage P&I+MIP: $2,055.99
Property Tax: $485.88
Insurance: $150.00
HOA: $100.00
Maint + CapEx: $348.84
Vacancy + Mgmt: $280.05
Total: $3,420.74/mo
Returns
Market Rent (all units): $2,154
Your Rental Income: $2,154
Cashflow: $-1,267/mo
Annual: $-15,198/yr
Cash-on-Cash ROI: -59.4%
Cap Rate: 3.2% · DSCR: 1.05x
TOP UPGRADES BY ROI
| Pri | Upgrade | Cost | Value Add | ROI |
|---|---|---|---|---|
| CRIT | New A/C System | $7,500 | +$9,750 | 130% |
| CRIT | Electrical Panel Upgrade | $4,500 | +$5,400 | 120% |
| CRIT | Full Re-Pipe | $9,000 | +$9,900 | 110% |
| CRIT | Professional Deep Clean | $550 | +$2,750 | 500% |
| CRIT | Full Interior Paint | $2,750 | +$8,250 | 300% |
- • Strong forced equity potential (+$54,495)
- • Excellent reno ROI (177%)
- • Older build (1984) — high value-add potential
- • Negative cashflow ($-1,267/mo) — poor rental hold
- • Heavy negative cashflow ($-1,267/mo)
- • Has flip exit strategy if hold doesn't work
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11780 SW 18th St #230-2 Single
Miami, FL 33175 · 3bd/2.0ba · 1,200sf · Built N/AAsking Price
3.5% down, great for first-time buyers
Down Payment: $12,250
Loan Amount: $343,661
Fees / MIP: $5,911
Closing Costs: $10,500
Reserves (3mo): $7,220
Total Cash Needed: $29,970
Monthly Expenses
Mortgage P&I+MIP: $2,406.67
Property Tax: $568.75
Insurance: $160.00
HOA: $0.00
Maint + CapEx: $408.34
Vacancy + Mgmt: $296.53
Total: $3,840.28/mo
Returns
Market Rent (all units): $2,281
Your Rental Income: $2,281
Cashflow: $-1,559/mo
Annual: $-18,712/yr
Cash-on-Cash ROI: -62.4%
Cap Rate: 2.9% · DSCR: 0.95x
TOP UPGRADES BY ROI
| Pri | Upgrade | Cost | Value Add | ROI |
|---|---|---|---|---|
| CRIT | New A/C System | $7,500 | +$9,750 | 130% |
| CRIT | Electrical Panel Upgrade | $4,500 | +$5,400 | 120% |
| CRIT | Full Re-Pipe | $9,000 | +$9,900 | 110% |
| CRIT | Full Roof Replacement | $11,400 | +$12,540 | 110% |
| CRIT | Professional Deep Clean | $550 | +$2,750 | 500% |
- • Strong forced equity potential (+$60,145)
- • Excellent reno ROI (169%)
- • Aging property (None) — renovation upside
- • Owner bought for $2,000 (17400% ago) — motivated seller potential
- • Heavy negative cashflow ($-1,559/mo)
- • Has flip exit strategy if hold doesn't work
INTERNATIONAL 102 2 CORP Assessed: $150,508 · Market: $162,790 · Built: 1984 · Zoning: 3900 · Folio: 3049120411560 View Full Record →
5/17/2017 — $2,000 (from INTERNATIONAL PARK CONDO I C/O ESSIG LAW)
1/22/2016 — $5,000 (from MALENA & WILLIAM GONZALEZ)
11/1/2005 — $0
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