REI Lense

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$3,426 (target)

1633 CHERRY LANE, Lakeland, FL 33811

3 beds • 2 baths • 1961 sqft

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This property looks like a bad Mid-Term investment with a projected -17.75% first-year return on $197k initial cash invested.

-17.75%

Cash On Cash

2.65%

Cap Rate

0.4

DSCR

$3,426

Rent

-$2,906

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,426 income − $6,332 expenses = $2,906 out of pocket

Income$3,426Out of Pocket$2,906Mortgage P&I$4,648136%Property Taxes$2216%Insurance$2989%Management$41112%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37711%

Investment Breakdown

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Purchase Price

$850k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$197k

Downpayment

20%

$170k

Closing costs

1%

$8,500

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,426

Total Expenses

$6,332

Mortgage P&I

136%

$4,648

Property Taxes

6%

$221

Home Insurance

9%

$298

HOA

0%

$0

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$377

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