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2140 CREEKS CROSSING LANE, Lakeland, FL 33810

3 beds • 2 baths • 1627 sqft

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This property looks like a bad Airbnb investment with a projected -13.68% first-year return on $86,586 initial cash invested.

-13.68%

Cash On Cash

2.94%

Cap Rate

0.47

DSCR

$2,246

Rent

-$987

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,246 income − $3,233 expenses = $987 out of pocket

Income$2,246Out of Pocket$987Mortgage P&I$1,69676%Property Taxes$28813%Insurance$1155%HOA$552%Management$33715%CapEx$904%Maintenance$904%Other$56225%

Investment Breakdown

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Purchase Price

$327k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,586

Downpayment

20%

$65,320

Closing costs

1%

$3,266

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,246

Total Expenses

$3,233

Mortgage P&I

76%

$1,696

Property Taxes

13%

$288

Home Insurance

5%

$115

HOA

2%

$55

Property Management

15%

$337

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$562

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