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$2,193 (target)

1231 W 9TH STREET, Lakeland, FL 33805

3 beds • 3 baths • 2084 sqft

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This property looks like a bad Long-Term investment with a projected -8.4% first-year return on $56,994 initial cash invested.

-8.4%

Cash On Cash

5.35%

Cap Rate

0.81

DSCR

$2,193

Rent

-$399

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,193 income − $2,592 expenses = $399 out of pocket

Income$2,193Out of Pocket$399Mortgage P&I$1,49968%Property Taxes$42619%Insurance$964%Management$21910%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

|

Purchase Price

$271k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,994

Downpayment

20%

$54,280

Closing costs

1%

$2,714

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,193

Total Expenses

$2,592

Mortgage P&I

68%

$1,499

Property Taxes

19%

$426

Home Insurance

4%

$96

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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