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536 SE 16th Avenue, Okeechobee, FL 34974

3 beds • 2 baths • 1647 sqft

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This property looks like a bad Airbnb investment with a projected -6.6% first-year return on $77,829 initial cash invested.

-6.6%

Cash On Cash

4.49%

Cap Rate

0.76

DSCR

$2,490

Rent

-$428

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,490 income − $2,918 expenses = $428 out of pocket

Income$2,490Out of Pocket$428Mortgage P&I$1,39356%Property Taxes$2289%Insurance$1014%Management$37415%CapEx$1004%Maintenance$1004%Other$62225%

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,490

Total Expenses

$2,918

Mortgage P&I

56%

$1,393

Property Taxes

9%

$228

Home Insurance

4%

$101

HOA

0%

$0

Property Management

15%

$374

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$622

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