REI Lense

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$5,436 (target)

1501 SE 8TH Drive, Okeechobee, FL 34974

3 beds • 3 baths • 2646 sqft

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This property might be a fair Mid-Term investment with a projected 3.86% first-year return on $133k initial cash invested.

3.86%

Cash On Cash

7.44%

Cap Rate

1.23

DSCR

$5,436

Rent

$429

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,436 income − $5,007 expenses = $429 cash flow

Income$5,436Mortgage P&I$2,75751%Property Taxes$2114%Insurance$1924%Management$65212%CapEx$2174%Vacancy$1633%Maintenance$2174%Other$59811%Cash Flow$429

Investment Breakdown

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Purchase Price

$549k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$110k

Closing costs

1%

$5,490

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,436

Total Expenses

$5,007

Mortgage P&I

51%

$2,757

Property Taxes

4%

$211

Home Insurance

4%

$192

HOA

0%

$0

Property Management

12%

$652

CapEx

4%

$217

Vacancy

3%

$163

Maintenance

4%

$217

Other

11%

$598

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