REI Lense

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$1,886 (target)

6964 E CENTER Street, Okeechobee, FL 34974

3 beds • 2 baths • 1620 sqft

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This property looks like a bad Long-Term investment with a projected -18.55% first-year return on $94,500 initial cash invested.

-18.55%

Cash On Cash

2.75%

Cap Rate

0.43

DSCR

$1,886

Rent

-$1,461

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,886 income − $3,347 expenses = $1,461 out of pocket

Income$1,886Out of Pocket$1,461Mortgage P&I$2,400127%Property Taxes$29916%Insurance$1588%Management$18910%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,500

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,886

Total Expenses

$3,347

Mortgage P&I

127%

$2,400

Property Taxes

16%

$299

Home Insurance

8%

$158

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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