REI Lense

REI Lense

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$2,984 (target)

3004 Drewery Ave, Lakeland, FL 33803

3 beds • 2 baths • 1106 sqft

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This property might be a fair Mid-Term investment with a projected 7.38% first-year return on $68,463 initial cash invested.

7.38%

Cash On Cash

8.97%

Cap Rate

1.43

DSCR

$2,984

Rent

$421

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,463

Downpayment

20%

$48,060

Closing costs

1%

$2,403

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,984

Total Expenses

$2,563

Mortgage P&I

42%

$1,256

Property Taxes

7%

$206

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$358

CapEx

4%

$119

Vacancy

3%

$90

Maintenance

4%

$119

Other

11%

$328

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