REI Lense

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$2,931 (target)

545 WORCHESTER COURT, Lakeland, FL 33809

3 beds • 2 baths • 1589 sqft

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This property might be a fair Mid-Term investment with a projected 5.13% first-year return on $73,188 initial cash invested.

5.13%

Cash On Cash

8.3%

Cap Rate

1.31

DSCR

$2,931

Rent

$313

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,931 income − $2,618 expenses = $313 cash flow

Income$2,931Mortgage P&I$1,38747%Property Taxes$1375%Insurance$943%HOA$4Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%Cash Flow$313

Investment Breakdown

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Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,188

Downpayment

20%

$52,560

Closing costs

1%

$2,628

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,931

Total Expenses

$2,618

Mortgage P&I

47%

$1,387

Property Taxes

5%

$137

Home Insurance

3%

$94

HOA

0%

$4

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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