REI Lense

REI Lense

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$2,491 (target)

536 SE 16th Avenue, Okeechobee, FL 34974

3 beds • 2 baths • 1647 sqft

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This property might be a fair Long-Term investment with a projected 2.43% first-year return on $59,829 initial cash invested.

2.43%

Cash On Cash

6.9%

Cap Rate

1.18

DSCR

$2,491

Rent

$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,491

Total Expenses

$2,370

Mortgage P&I

56%

$1,393

Property Taxes

9%

$228

Home Insurance

4%

$101

HOA

0%

$0

Property Management

10%

$249

CapEx

5%

$125

Vacancy

6%

$149

Maintenance

5%

$125

Other

0%

$0

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