DirectField
Property investor
I’ve modelled several Miami coastal properties around $1,440,000, and every one turns cash-flow negative once I include vacancy, management, maintenance reserves, insurance, property tax and financing at 3.18%.
For those still buying near Miami, what is making a deal work: a larger equity contribution, a different property or location, lower expectations for current income, or unusually strong rent? I’m also wondering whether tenant turnover and coastal insurance costs are the assumptions most often understated.
I’m not looking for headline gross yields. If anyone is willing to share a realistic expense framework—especially vacancy allowance, management percentage, maintenance reserve and financing sensitivity—I’d like to compare the assumptions. Are investors finding genuine net cash flow here, relying on appreciation, or simply waiting?
For those still buying near Miami, what is making a deal work: a larger equity contribution, a different property or location, lower expectations for current income, or unusually strong rent? I’m also wondering whether tenant turnover and coastal insurance costs are the assumptions most often understated.
I’m not looking for headline gross yields. If anyone is willing to share a realistic expense framework—especially vacancy allowance, management percentage, maintenance reserve and financing sensitivity—I’d like to compare the assumptions. Are investors finding genuine net cash flow here, relying on appreciation, or simply waiting?