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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 -9.93% first-year return on $82,806 initial cash invested.

-9.93%

Cash On Cash

3.88%

Cap Rate

0.63

DSCR

$2,508

Rent

-$685

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,508 income − $3,193 expenses = $685 out of pocket

Income$2,508Out of Pocket$685Mortgage P&I$1,58463%Property Taxes$28411%Insurance$1225%Management$37615%CapEx$1004%Maintenance$1004%Other$62725%

Investment Breakdown

|

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

$2,508

Total Expenses

$3,193

Mortgage P&I

63%

$1,584

Property Taxes

11%

$284

Home Insurance

5%

$122

HOA

0%

$0

Property Management

15%

$376

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$627

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