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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 -24.08% first-year return on $192k initial cash invested.

-24.08%

Cash On Cash

0.43%

Cap Rate

0.07

DSCR

$1,761

Rent

-$3,859

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,761 income − $5,620 expenses = $3,859 out of pocket

Income$1,761Out of Pocket$3,859Mortgage P&I$4,088232%Property Taxes$39823%Insurance$29016%Management$26415%CapEx$704%Maintenance$704%Other$44025%

Investment Breakdown

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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

$1,761

Total Expenses

$5,620

Mortgage P&I

232%

$4,088

Property Taxes

23%

$398

Home Insurance

16%

$290

HOA

0%

$0

Property Management

15%

$264

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$440

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