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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 -20.98% first-year return on $120k initial cash invested.

-20.98%

Cash On Cash

0.98%

Cap Rate

0.17

DSCR

$2,244

Rent

-$2,106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,244 income − $4,350 expenses = $2,106 out of pocket

Income$2,244Out of Pocket$2,106Mortgage P&I$2,416108%Property Taxes$67030%Insurance$1848%HOA$2Management$33715%CapEx$904%Maintenance$904%Other$56125%

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

$2,244

Total Expenses

$4,350

Mortgage P&I

108%

$2,416

Property Taxes

30%

$670

Home Insurance

8%

$184

HOA

0%

$2

Property Management

15%

$337

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$561

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