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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 Airbnb investment with a projected -2.17% first-year return on $77,829 initial cash invested.

-2.17%

Cash On Cash

5.77%

Cap Rate

0.98

DSCR

$2,702

Rent

-$141

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

$77,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,702

Total Expenses

$2,843

Mortgage P&I

52%

$1,404

Property Taxes

2%

$42

Home Insurance

4%

$100

HOA

0%

$0

Property Management

15%

$405

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$676

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Spacious 3BR Home | Peaceful Stay Near I-4

$2,807

$130

3

2

1.19 mi

Entire House in Lakeland

$2,548

$118

3

2

1.59 mi

3 Bedroom near Park Pet friendly AC Home

$2,505

$116

3

2

1.89 mi

Peach Perch - Mid Century

$2,311

$107

3

1.5

1.91 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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