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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 -6.19% first-year return on $55,800 initial cash invested.

-6.19%

Cash On Cash

5.09%

Cap Rate

0.78

DSCR

$1,923

Rent

-$288

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,923 income − $2,211 expenses = $288 out of pocket

Income$1,923Out of Pocket$288Mortgage P&I$97451%Property Taxes$25113%Insurance$633%Management$28815%CapEx$774%Maintenance$774%Other$48125%

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

$1,923

Total Expenses

$2,211

Mortgage P&I

51%

$974

Property Taxes

13%

$251

Home Insurance

3%

$63

HOA

0%

$0

Property Management

15%

$288

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$481

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