REI Lense

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$2,392 (target)

3573 NW 18th Avenue, Okeechobee, FL 34972

3 beds • 2 baths • 1534 sqft

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This property looks like a bad Long-Term investment with a projected -10.33% first-year return on $73,521 initial cash invested.

-10.33%

Cash On Cash

4.87%

Cap Rate

0.73

DSCR

$2,392

Rent

-$633

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,392 income − $3,025 expenses = $633 out of pocket

Income$2,392Out of Pocket$633Mortgage P&I$1,93481%Property Taxes$34214%Insurance$1265%Management$23910%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,521

Downpayment

20%

$70,020

Closing costs

1%

$3,501

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,392

Total Expenses

$3,025

Mortgage P&I

81%

$1,934

Property Taxes

14%

$342

Home Insurance

5%

$126

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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