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$3,248 (target)

1521 BANKS PLACE, Lakeland, FL 33803

3 beds • 2 baths • 1376 sqft

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This property could be a profitable Mid-Term investment with a projected 21.8% first-year return on $54,267 initial cash invested.

21.8%

Cash On Cash

14.29%

Cap Rate

2.19

DSCR

$3,248

Rent

$986

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,248 income − $2,262 expenses = $986 cash flow

Income$3,248Mortgage P&I$94029%Property Taxes$1785%Insurance$401%Management$39012%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35711%Cash Flow$986

Investment Breakdown

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Purchase Price

$173k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,267

Downpayment

20%

$34,540

Closing costs

1%

$1,727

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$3,248

Total Expenses

$2,262

Mortgage P&I

29%

$940

Property Taxes

5%

$178

Home Insurance

1%

$40

HOA

0%

$0

Property Management

12%

$390

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$357

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