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7611 SW 21st Parkway, Okeechobee, FL 34974

3 beds • 4 baths • 3578 sqft

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This property looks like a bad Airbnb investment with a projected -23.6% first-year return on $192k initial cash invested.

-23.6%

Cash On Cash

0.55%

Cap Rate

0.09

DSCR

$1,911

Rent

-$3,782

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,911 income − $5,693 expenses = $3,782 out of pocket

Income$1,911Out of Pocket$3,782Mortgage P&I$4,088214%Property Taxes$39821%Insurance$29015%Management$28715%CapEx$764%Maintenance$764%Other$47825%

Investment Breakdown

|

Purchase Price

$830k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$192k

Downpayment

20%

$166k

Closing costs

1%

$8,300

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$1,911

Total Expenses

$5,693

Mortgage P&I

214%

$4,088

Property Taxes

21%

$398

Home Insurance

15%

$290

HOA

0%

$0

Property Management

15%

$287

CapEx

4%

$76

Vacancy

0%

$0

Maintenance

4%

$76

Other

25%

$478

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