REI Lense

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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 -17.96% first-year return on $120k initial cash invested.

-17.96%

Cash On Cash

1.79%

Cap Rate

0.3

DSCR

$2,825

Rent

-$1,803

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

$2,825

Total Expenses

$4,628

Mortgage P&I

86%

$2,416

Property Taxes

24%

$670

Home Insurance

7%

$184

HOA

0%

$2

Property Management

15%

$424

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$706

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