REI Lense

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$3,588 (target)

3573 NW 18th Avenue, Okeechobee, FL 34972

3 beds • 2 baths • 1534 sqft

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This property looks like a bad Mid-Term investment with a projected -0.47% first-year return on $91,521 initial cash invested.

-0.47%

Cash On Cash

7%

Cap Rate

1.06

DSCR

$3,588

Rent

-$36

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,588 income − $3,624 expenses = $36 out of pocket

Income$3,588Out of Pocket$36Mortgage P&I$1,93454%Property Taxes$34210%Insurance$1264%Management$43112%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39511%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,521

Downpayment

20%

$70,020

Closing costs

1%

$3,501

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,588

Total Expenses

$3,624

Mortgage P&I

54%

$1,934

Property Taxes

10%

$342

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

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