REI Lense

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$2,210 (target)

345 CANNON STREET, Lakeland, FL 33803

3 beds • 2 baths • 1375 sqft

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This property looks like a bad Mid-Term investment with a projected -5.18% first-year return on $75,120 initial cash invested.

-5.18%

Cash On Cash

5.18%

Cap Rate

0.83

DSCR

$2,210

Rent

-$324

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,210 income − $2,534 expenses = $324 out of pocket

Income$2,210Out of Pocket$324Mortgage P&I$1,41064%Property Taxes$24811%Insurance$1266%Management$26512%CapEx$884%Vacancy$663%Maintenance$884%Other$24311%

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

$2,210

Total Expenses

$2,534

Mortgage P&I

64%

$1,410

Property Taxes

11%

$248

Home Insurance

6%

$126

HOA

0%

$0

Property Management

12%

$265

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$243

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