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2225 SE 9th Avenue, Okeechobee, FL 34974

3 beds • 2 baths • 1526 sqft

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This property looks like a bad Airbnb investment with a projected -21.9% first-year return on $120k initial cash invested.

-21.9%

Cash On Cash

0.74%

Cap Rate

0.12

DSCR

$2,066

Rent

-$2,198

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,066 income − $4,264 expenses = $2,198 out of pocket

Income$2,066Out of Pocket$2,198Mortgage P&I$2,416117%Property Taxes$67032%Insurance$1849%HOA$2Management$31015%CapEx$834%Maintenance$834%Other$51625%

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

$2,066

Total Expenses

$4,264

Mortgage P&I

117%

$2,416

Property Taxes

32%

$670

Home Insurance

9%

$184

HOA

0%

$2

Property Management

15%

$310

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$516

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