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345 CANNON STREET, Lakeland, FL 33803

3 beds • 2 baths • 1375 sqft

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This property looks like a bad Airbnb investment with a projected -4.31% first-year return on $75,120 initial cash invested.

-4.31%

Cash On Cash

5.55%

Cap Rate

0.89

DSCR

$2,913

Rent

-$270

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,913 income − $3,183 expenses = $270 out of pocket

Income$2,913Out of Pocket$270Mortgage P&I$1,41048%Property Taxes$2489%Insurance$1264%Management$43715%CapEx$1174%Maintenance$1174%Other$72825%

Investment Breakdown

|

Purchase Price

$272k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,120

Downpayment

20%

$54,400

Closing costs

1%

$2,720

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,913

Total Expenses

$3,183

Mortgage P&I

48%

$1,410

Property Taxes

9%

$248

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$437

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$728

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