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1111 NW 3rd Street, Okeechobee, FL 34972

3 beds • 2 baths • 1510 sqft

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This property looks like a bad Airbnb investment with a projected -6.8% first-year return on $55,800 initial cash invested.

-6.8%

Cash On Cash

4.89%

Cap Rate

0.75

DSCR

$1,871

Rent

-$316

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,871 income − $2,187 expenses = $316 out of pocket

Income$1,871Out of Pocket$316Mortgage P&I$97452%Property Taxes$25113%Insurance$633%Management$28115%CapEx$754%Maintenance$754%Other$46825%

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,800

Downpayment

20%

$36,000

Closing costs

1%

$1,800

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,871

Total Expenses

$2,187

Mortgage P&I

52%

$974

Property Taxes

13%

$251

Home Insurance

3%

$63

HOA

0%

$0

Property Management

15%

$281

CapEx

4%

$75

Vacancy

0%

$0

Maintenance

4%

$75

Other

25%

$468

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