REI Lense

REI Lense

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$2,294 (target)

3310 NW 22nd Avenue, Okeechobee, FL 34972

3 beds • 2 baths • 1421 sqft

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This property looks like a bad Mid-Term investment with a projected -4.38% first-year return on $89,379 initial cash invested.

-4.38%

Cash On Cash

5.15%

Cap Rate

0.86

DSCR

$2,294

Rent

-$326

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,294 income − $2,620 expenses = $326 out of pocket

Income$2,294Out of Pocket$326Mortgage P&I$1,69374%Property Taxes$281%Insurance$1195%Management$27512%CapEx$924%Vacancy$693%Maintenance$924%Other$25211%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,294

Total Expenses

$2,620

Mortgage P&I

74%

$1,693

Property Taxes

1%

$28

Home Insurance

5%

$119

HOA

0%

$0

Property Management

12%

$275

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$252

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