REI Lense

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$2,144 (target)

1111 NW 3rd Street, Okeechobee, FL 34972

3 beds • 2 baths • 1510 sqft

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This property might be a fair Long-Term investment with a projected 9.49% first-year return on $37,800 initial cash invested.

9.49%

Cash On Cash

9.2%

Cap Rate

1.42

DSCR

$2,144

Rent

$299

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,144 income − $1,845 expenses = $299 cash flow

Income$2,144Mortgage P&I$97445%Property Taxes$25112%Insurance$633%Management$21410%CapEx$1075%Vacancy$1296%Maintenance$1075%Cash Flow$299

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,800

Downpayment

20%

$36,000

Closing costs

1%

$1,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,144

Total Expenses

$1,845

Mortgage P&I

45%

$974

Property Taxes

12%

$251

Home Insurance

3%

$63

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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