REI Lense

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$2,270 (target)

3819 NW 21ST Avenue, Okeechobee, FL 34972

3 beds • 2 baths • 1438 sqft

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This property looks like a bad Mid-Term investment with a projected -1.39% first-year return on $77,640 initial cash invested.

-1.39%

Cash On Cash

6.16%

Cap Rate

1

DSCR

$2,270

Rent

-$90

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,270 income − $2,360 expenses = $90 out of pocket

Income$2,270Out of Pocket$90Mortgage P&I$1,45764%Property Taxes$321%Insurance$994%Management$27212%CapEx$914%Vacancy$683%Maintenance$914%Other$25011%

Investment Breakdown

|

Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,640

Downpayment

20%

$56,800

Closing costs

1%

$2,840

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,270

Total Expenses

$2,360

Mortgage P&I

64%

$1,457

Property Taxes

1%

$32

Home Insurance

4%

$99

HOA

0%

$0

Property Management

12%

$272

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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