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$2,175 (target)

2102 Old Polk City Rd, Lakeland, FL 33809

3 beds • 2 baths • 2856 sqft

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This property looks like a bad Mid-Term investment with a projected -16.39% first-year return on $111k initial cash invested.

-16.39%

Cash On Cash

1.92%

Cap Rate

0.33

DSCR

$2,175

Rent

-$1,521

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,175 income − $3,696 expenses = $1,521 out of pocket

Income$2,175Out of Pocket$1,521Mortgage P&I$2,14599%Property Taxes$51524%Insurance$29714%Management$26112%CapEx$874%Vacancy$653%Maintenance$874%Other$23911%

Investment Breakdown

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Purchase Price

$445k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,920

Closing costs

1%

$4,446

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,175

Total Expenses

$3,696

Mortgage P&I

99%

$2,145

Property Taxes

24%

$515

Home Insurance

14%

$297

HOA

0%

$0

Property Management

12%

$261

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$239

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