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6868 E CENTER Street, Okeechobee, FL 34974

3 beds • 2 baths • 1188 sqft

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This property looks like a bad Airbnb investment with a projected -11.22% first-year return on $82,806 initial cash invested.

-11.22%

Cash On Cash

3.51%

Cap Rate

0.57

DSCR

$2,337

Rent

-$774

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,337 income − $3,111 expenses = $774 out of pocket

Income$2,337Out of Pocket$774Mortgage P&I$1,58468%Property Taxes$28412%Insurance$1225%Management$35115%CapEx$934%Maintenance$934%Other$58425%

Investment Breakdown

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Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,806

Downpayment

20%

$61,720

Closing costs

1%

$3,086

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,337

Total Expenses

$3,111

Mortgage P&I

68%

$1,584

Property Taxes

12%

$284

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$351

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$584

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