REI Lense

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$2,165 (target)

1521 BANKS PLACE, Lakeland, FL 33803

3 beds • 2 baths • 1376 sqft

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This property could be a profitable Long-Term investment with a projected 14.72% first-year return on $36,267 initial cash invested.

14.72%

Cash On Cash

10.37%

Cap Rate

1.59

DSCR

$2,165

Rent

$445

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,165 income − $1,720 expenses = $445 cash flow

Income$2,165Mortgage P&I$94043%Property Taxes$1788%Insurance$402%Management$21610%CapEx$1085%Vacancy$1306%Maintenance$1085%Cash Flow$445

Investment Breakdown

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Purchase Price

$173k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,267

Downpayment

20%

$34,540

Closing costs

1%

$1,727

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,165

Total Expenses

$1,720

Mortgage P&I

43%

$940

Property Taxes

8%

$178

Home Insurance

2%

$40

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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