REI Lense

REI Lense

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$4,658 (target)

2225 SE 9th Avenue, Okeechobee, FL 34974

3 beds • 2 baths • 1526 sqft

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This property looks like a bad Mid-Term investment with a projected -1.96% first-year return on $120k initial cash invested.

-1.96%

Cash On Cash

5.92%

Cap Rate

1

DSCR

$4,658

Rent

-$197

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$488k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,560

Closing costs

1%

$4,878

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,658

Total Expenses

$4,855

Mortgage P&I

52%

$2,416

Property Taxes

14%

$670

Home Insurance

4%

$184

HOA

0%

$2

Property Management

12%

$559

CapEx

4%

$186

Vacancy

3%

$140

Maintenance

4%

$186

Other

11%

$512

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