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1421 Grace St N, Lakeland, FL 33810

3 beds • 2 baths • 1196 sqft

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This property looks like a bad Long-Term investment with a projected -3.53% first-year return on $59,829 initial cash invested.

-3.53%

Cash On Cash

5.56%

Cap Rate

0.94

DSCR

$1,850

Rent

-$176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,850

Total Expenses

$2,026

Mortgage P&I

76%

$1,404

Property Taxes

2%

$42

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$185

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

1334 Grace St N, Lakeland, FL 33810

$1,930

3

2

1230

0.1 mi

5559 Starling Loop, Lakeland, FL 33810

$1,709

3

2

1237

0.3 mi

5227 Grace St E, Lakeland, FL 33810

$1,900

3

2

1062

0.1 mi

317 El Dorado St, Lakeland, FL 33809

$1,909

3

2

1210

1.7 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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