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Property Breakdowns
428 NE 82nd St #3E Single
Miami, FL 33138 · 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: $310.11
Total: $3,853.87/mo
Returns
Market Rent (all units): $2,385
Your Rental Income: $2,385
Cashflow: $-1,468/mo
Annual: $-17,621/yr
Cash-on-Cash ROI: -58.8%
Cap Rate: 3.2% · DSCR: 0.99x
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 $13,600 (2474% ago) — motivated seller potential
- • Heavy negative cashflow ($-1,468/mo)
- • Has flip exit strategy if hold doesn't work
BARBARA GRANT Assessed: $129,045 · Built: 1945 · Zoning: 6100 · Folio: 0132070730170 View Full Record →
9/1/1999 — $0
9/1/1973 — $13,600 ✓ Qualified
428 NE 82nd St Unit 3E Single
Miami, FL 33138 · 2bd/2.0ba · 894sf · Built 1945Asking Price
3.5% down, great for first-time buyers
Down Payment: $5,215
Loan Amount: $146,301
Fees / MIP: $2,516
Closing Costs: $4,470
Reserves (3mo): $3,074
Total Cash Needed: $12,759
Monthly Expenses
Mortgage P&I+MIP: $1,024.55
Property Tax: $242.12
Insurance: $150.00
HOA: $560.00
Maint + CapEx: $173.84
Vacancy + Mgmt: $223.50
Total: $2,374.01/mo
Returns
Market Rent (all units): $1,719
Your Rental Income: $1,719
Cashflow: $-655/mo
Annual: $-7,857/yr
Cash-on-Cash ROI: -61.6%
Cap Rate: 3.0% · DSCR: 1.68x
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 | $8,493 | +$9,342 | 110% |
| CRIT | Professional Deep Clean | $550 | +$2,750 | 500% |
- • Strong forced equity potential (+$55,555)
- • Excellent reno ROI (168%)
- • Older build (1945) — high value-add potential
- • Negative cashflow ($-655/mo) — poor rental hold
- • Heavy negative cashflow ($-655/mo)
- • Low barrier to entry ($12,759 cash needed)
- • Has flip exit strategy if hold doesn't work
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