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$3,357 (target)

3311 NW 24TH Avenue, Okeechobee, FL 34972

3 beds • 2 baths • 1545 sqft

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This property could be a profitable Mid-Term investment with a projected 22.7% first-year return on $56,184 initial cash invested.

22.7%

Cash On Cash

14.44%

Cap Rate

2.21

DSCR

$3,357

Rent

$1,063

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,357 income − $2,294 expenses = $1,063 cash flow

Income$3,357Mortgage P&I$99130%Property Taxes$983%Insurance$642%Management$40312%CapEx$1344%Vacancy$1013%Maintenance$1344%Other$36911%Cash Flow$1,063

Investment Breakdown

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Purchase Price

$182k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,184

Downpayment

20%

$36,366

Closing costs

1%

$1,818

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$3,357

Total Expenses

$2,294

Mortgage P&I

30%

$991

Property Taxes

3%

$98

Home Insurance

2%

$64

HOA

0%

$0

Property Management

12%

$403

CapEx

4%

$134

Vacancy

3%

$101

Maintenance

4%

$134

Other

11%

$369

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