REI Lense

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$1,691 (target)

288 CHERRY LAUREL LANE, Winter Haven, FL 33880

3 beds • 2 baths • 1276 sqft

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This property looks like a bad Long-Term investment with a projected -7.03% first-year return on $48,111 initial cash invested.

-7.03%

Cash On Cash

5.42%

Cap Rate

0.84

DSCR

$1,691

Rent

-$282

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,691 income − $1,973 expenses = $282 out of pocket

Income$1,691Out of Pocket$282Mortgage P&I$1,23173%Property Taxes$22013%Insurance$825%Management$16910%CapEx$855%Vacancy$1016%Maintenance$855%

Investment Breakdown

|

Purchase Price

$229k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,111

Downpayment

20%

$45,820

Closing costs

1%

$2,291

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,691

Total Expenses

$1,973

Mortgage P&I

73%

$1,231

Property Taxes

13%

$220

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$85

Vacancy

6%

$101

Maintenance

5%

$85

Other

0%

$0

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