REI Lense

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$2,623 (target)

5679 NW 20th St, Okeechobee, FL 34972

3 beds • 2 baths • 1517 sqft

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This property might be a fair Long-Term investment with a projected 1.09% first-year return on $63,861 initial cash invested.

1.09%

Cash On Cash

6.85%

Cap Rate

1.12

DSCR

$2,623

Rent

$58

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,623 income − $2,565 expenses = $58 cash flow

Income$2,623Mortgage P&I$1,54759%Property Taxes$1907%Insurance$1476%Management$26210%CapEx$1315%Vacancy$1576%Maintenance$1315%Cash Flow$58

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,861

Downpayment

20%

$60,820

Closing costs

1%

$3,041

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,623

Total Expenses

$2,565

Mortgage P&I

59%

$1,547

Property Taxes

7%

$190

Home Insurance

6%

$147

HOA

0%

$0

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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