REI Lense

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$1,450 (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 Long-Term investment with a projected -24.2% first-year return on $93,366 initial cash invested.

-24.2%

Cash On Cash

0.9%

Cap Rate

0.16

DSCR

$1,450

Rent

-$1,883

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,450 income − $3,333 expenses = $1,883 out of pocket

Income$1,450Out of Pocket$1,883Mortgage P&I$2,145148%Property Taxes$51536%Insurance$29720%Management$14510%CapEx$725%Vacancy$876%Maintenance$725%

Investment Breakdown

|

Purchase Price

$445k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,366

Downpayment

20%

$88,920

Closing costs

1%

$4,446

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,450

Total Expenses

$3,333

Mortgage P&I

148%

$2,145

Property Taxes

36%

$515

Home Insurance

20%

$297

HOA

0%

$0

Property Management

10%

$145

CapEx

5%

$72

Vacancy

6%

$87

Maintenance

5%

$72

Other

0%

$0

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