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$3,290 (target)

1231 W 9TH STREET, Lakeland, FL 33805

3 beds • 3 baths • 2084 sqft

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This property might be a fair Mid-Term investment with a projected 2.38% first-year return on $74,994 initial cash invested.

2.38%

Cash On Cash

7.87%

Cap Rate

1.19

DSCR

$3,290

Rent

$149

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,290 income − $3,141 expenses = $149 cash flow

Income$3,290Mortgage P&I$1,49946%Property Taxes$42613%Insurance$963%Management$39512%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36211%Cash Flow$149

Investment Breakdown

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Purchase Price

$271k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,994

Downpayment

20%

$54,280

Closing costs

1%

$2,714

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,290

Total Expenses

$3,141

Mortgage P&I

46%

$1,499

Property Taxes

13%

$426

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$395

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$362

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