REI Lense

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$3,624 (target)

1501 SE 8TH Drive, Okeechobee, FL 34974

3 beds • 3 baths • 2646 sqft

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This property looks like a bad Long-Term investment with a projected -4.96% first-year return on $115k initial cash invested.

-4.96%

Cash On Cash

5.38%

Cap Rate

0.89

DSCR

$3,624

Rent

-$477

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,624 income − $4,101 expenses = $477 out of pocket

Income$3,624Out of Pocket$477Mortgage P&I$2,75776%Property Taxes$2116%Insurance$1925%Management$36210%CapEx$1815%Vacancy$2176%Maintenance$1815%

Investment Breakdown

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Purchase Price

$549k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$110k

Closing costs

1%

$5,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,624

Total Expenses

$4,101

Mortgage P&I

76%

$2,757

Property Taxes

6%

$211

Home Insurance

5%

$192

HOA

0%

$0

Property Management

10%

$362

CapEx

5%

$181

Vacancy

6%

$217

Maintenance

5%

$181

Other

0%

$0

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