REI Lense

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$2,158 (target)

8000 NW 189TH Avenue, Okeechobee, FL 34972

3 beds • 2 baths • 1904 sqft

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This property looks like a bad Mid-Term investment with a projected -0.93% first-year return on $74,469 initial cash invested.

-0.93%

Cash On Cash

6.18%

Cap Rate

1.02

DSCR

$2,158

Rent

-$58

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,158 income − $2,216 expenses = $58 out of pocket

Income$2,158Out of Pocket$58Mortgage P&I$1,35663%Property Taxes$332%Insurance$944%Management$25912%CapEx$864%Vacancy$653%Maintenance$864%Other$23711%

Investment Breakdown

|

Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,469

Downpayment

20%

$53,780

Closing costs

1%

$2,689

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,158

Total Expenses

$2,216

Mortgage P&I

63%

$1,356

Property Taxes

2%

$33

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$259

CapEx

4%

$86

Vacancy

3%

$65

Maintenance

4%

$86

Other

11%

$237

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