REI Lense

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$4,136 (target)

3343 Turnberry Ln, Lakeland, FL 33803

3 beds • 2 baths • 2087 sqft

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This property looks like a bad Mid-Term investment with a projected -6.27% first-year return on $117k initial cash invested.

-6.27%

Cash On Cash

4.8%

Cap Rate

0.81

DSCR

$4,136

Rent

-$614

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,136 income − $4,750 expenses = $614 out of pocket

Income$4,136Out of Pocket$614Mortgage P&I$2,34257%Property Taxes$40410%Insurance$1724%HOA$42710%Management$49612%CapEx$1654%Vacancy$1243%Maintenance$1654%Other$45511%

Investment Breakdown

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Purchase Price

$474k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,740

Closing costs

1%

$4,737

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,136

Total Expenses

$4,750

Mortgage P&I

57%

$2,342

Property Taxes

10%

$404

Home Insurance

4%

$172

HOA

10%

$427

Property Management

12%

$496

CapEx

4%

$165

Vacancy

3%

$124

Maintenance

4%

$165

Other

11%

$455

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