REI Lense

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$3,018 (target)

330 Marcum Rd, Lakeland, FL 33809

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Mid-Term investment with a projected -13.86% first-year return on $155k initial cash invested.

-13.86%

Cash On Cash

2.88%

Cap Rate

0.48

DSCR

$3,018

Rent

-$1,784

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,018 income − $4,802 expenses = $1,784 out of pocket

Income$3,018Out of Pocket$1,784Mortgage P&I$3,225107%Property Taxes$32211%Insurance$2288%Management$36212%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33211%

Investment Breakdown

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Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$155k

Downpayment

20%

$130k

Closing costs

1%

$6,500

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,018

Total Expenses

$4,802

Mortgage P&I

107%

$3,225

Property Taxes

11%

$322

Home Insurance

8%

$228

HOA

0%

$0

Property Management

12%

$362

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

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