REI Lense

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$2,238 (target)

3311 NW 24TH Avenue, Okeechobee, FL 34972

3 beds • 2 baths • 1545 sqft

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This property could be a profitable Long-Term investment with a projected 15.81% first-year return on $38,184 initial cash invested.

15.81%

Cash On Cash

10.6%

Cap Rate

1.62

DSCR

$2,238

Rent

$503

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,238 income − $1,735 expenses = $503 cash flow

Income$2,238Mortgage P&I$99144%Property Taxes$984%Insurance$643%Management$22410%CapEx$1125%Vacancy$1346%Maintenance$1125%Cash Flow$503

Investment Breakdown

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Purchase Price

$182k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,184

Downpayment

20%

$36,366

Closing costs

1%

$1,818

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,238

Total Expenses

$1,735

Mortgage P&I

44%

$991

Property Taxes

4%

$98

Home Insurance

3%

$64

HOA

0%

$0

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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