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2215 EMMA STREET, Lakeland, FL 33815

3 beds • 2 baths • 984 sqft

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This property looks like a bad Airbnb investment with a projected -4.58% first-year return on $59,790 initial cash invested.

-4.58%

Cash On Cash

5.69%

Cap Rate

0.86

DSCR

$1,926

Rent

-$228

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,926 income − $2,154 expenses = $228 out of pocket

Income$1,926Out of Pocket$228Mortgage P&I$1,09457%Property Taxes$653%Insurance$704%Management$28915%CapEx$774%Maintenance$774%Other$48225%

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,790

Downpayment

20%

$39,800

Closing costs

1%

$1,990

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,926

Total Expenses

$2,154

Mortgage P&I

57%

$1,094

Property Taxes

3%

$65

Home Insurance

4%

$70

HOA

0%

$0

Property Management

15%

$289

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$482

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