REI Lense

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$1,615 (target)

2015 NW 46TH AVENUE, Okeechobee, FL 34972

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Long-Term investment with a projected -17.44% first-year return on $88,410 initial cash invested.

-17.44%

Cash On Cash

2.67%

Cap Rate

0.44

DSCR

$1,615

Rent

-$1,285

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,615 income − $2,900 expenses = $1,285 out of pocket

Income$1,615Out of Pocket$1,285Mortgage P&I$2,141133%Property Taxes$18011%Insurance$15810%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

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Purchase Price

$421k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,410

Downpayment

20%

$84,200

Closing costs

1%

$4,210

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,615

Total Expenses

$2,900

Mortgage P&I

133%

$2,141

Property Taxes

11%

$180

Home Insurance

10%

$158

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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