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$4,788 (target)

2856 MERIDIAN POINT LANE, Lakeland, FL 33812

3 beds • 2 baths • 2410 sqft

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This property looks like a bad Mid-Term investment with a projected -1.32% first-year return on $126k initial cash invested.

-1.32%

Cash On Cash

6.19%

Cap Rate

1.02

DSCR

$4,788

Rent

-$139

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,788 income − $4,927 expenses = $139 out of pocket

Income$4,788Out of Pocket$139Mortgage P&I$2,60254%Property Taxes$45910%Insurance$1844%HOA$521%Management$57512%CapEx$1924%Vacancy$1443%Maintenance$1924%Other$52711%

Investment Breakdown

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Purchase Price

$514k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$103k

Closing costs

1%

$5,144

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,788

Total Expenses

$4,927

Mortgage P&I

54%

$2,602

Property Taxes

10%

$459

Home Insurance

4%

$184

HOA

1%

$52

Property Management

12%

$575

CapEx

4%

$192

Vacancy

3%

$144

Maintenance

4%

$192

Other

11%

$527

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