REI Lense

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$2,155 (target)

2151 SW 32ND Avenue, Okeechobee, FL 34974

3 beds • 2 baths • 1350 sqft

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This property looks like a bad Long-Term investment with a projected -2.45% first-year return on $59,304 initial cash invested.

-2.45%

Cash On Cash

6.17%

Cap Rate

0.99

DSCR

$2,155

Rent

-$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,155 income − $2,276 expenses = $121 out of pocket

Income$2,155Out of Pocket$121Mortgage P&I$1,46468%Property Taxes$1477%Insurance$1045%Management$21610%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$282k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,304

Downpayment

20%

$56,480

Closing costs

1%

$2,824

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,155

Total Expenses

$2,276

Mortgage P&I

68%

$1,464

Property Taxes

7%

$147

Home Insurance

5%

$104

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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