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$2,894 (target)

1218 6th Street, Okeechobee, FL 34974

3 beds • 2 baths • 1704 sqft

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This property looks like a bad Mid-Term investment with a projected -8.06% first-year return on $109k initial cash invested.

-8.06%

Cash On Cash

4.22%

Cap Rate

0.71

DSCR

$2,894

Rent

-$729

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,894 income − $3,623 expenses = $729 out of pocket

Income$2,894Out of Pocket$729Mortgage P&I$2,13074%Property Taxes$35112%Insurance$1585%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%

Investment Breakdown

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Purchase Price

$431k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,280

Closing costs

1%

$4,314

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,894

Total Expenses

$3,623

Mortgage P&I

74%

$2,130

Property Taxes

12%

$351

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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