REI Lense

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$3,232 (target)

2151 SW 32ND Avenue, Okeechobee, FL 34974

3 beds • 2 baths • 1350 sqft

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This property might be a fair Mid-Term investment with a projected 6.49% first-year return on $77,304 initial cash invested.

6.49%

Cash On Cash

8.55%

Cap Rate

1.37

DSCR

$3,232

Rent

$418

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,232 income − $2,814 expenses = $418 cash flow

Income$3,232Mortgage P&I$1,46445%Property Taxes$1475%Insurance$1043%Management$38812%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35611%Cash Flow$418

Investment Breakdown

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Purchase Price

$282k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,304

Downpayment

20%

$56,480

Closing costs

1%

$2,824

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,232

Total Expenses

$2,814

Mortgage P&I

45%

$1,464

Property Taxes

5%

$147

Home Insurance

3%

$104

HOA

0%

$0

Property Management

12%

$388

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$356

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