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1905 Suzanne Ln, Lakeland, FL 33813

3 beds • 3 baths • 1832 sqft

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This property looks like a bad Airbnb investment with a projected -11.24% first-year return on $103k initial cash invested.

-11.24%

Cash On Cash

3.47%

Cap Rate

0.58

DSCR

$2,988

Rent

-$969

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,988 income − $3,957 expenses = $969 out of pocket

Income$2,988Out of Pocket$969Mortgage P&I$2,02768%Property Taxes$34812%Insurance$1475%Management$44815%CapEx$1204%Maintenance$1204%Other$74725%

Investment Breakdown

|

Purchase Price

$407k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,360

Closing costs

1%

$4,068

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,988

Total Expenses

$3,957

Mortgage P&I

68%

$2,027

Property Taxes

12%

$348

Home Insurance

5%

$147

HOA

0%

$0

Property Management

15%

$448

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$747

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