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5622 FISCHER DRIVE, Lakeland, FL 33813

3 beds • 2 baths • 1876 sqft

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This property looks like a bad Airbnb investment with a projected -3.61% first-year return on $91,353 initial cash invested.

-3.61%

Cash On Cash

5.79%

Cap Rate

0.93

DSCR

$3,731

Rent

-$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,731 income − $4,006 expenses = $275 out of pocket

Income$3,731Out of Pocket$275Mortgage P&I$1,81149%Property Taxes$2477%Insurance$1243%HOA$331%Management$56015%CapEx$1494%Maintenance$1494%Other$93325%

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,353

Downpayment

20%

$69,860

Closing costs

1%

$3,493

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,731

Total Expenses

$4,006

Mortgage P&I

49%

$1,811

Property Taxes

7%

$247

Home Insurance

3%

$124

HOA

1%

$33

Property Management

15%

$560

CapEx

4%

$149

Vacancy

0%

$0

Maintenance

4%

$149

Other

25%

$933

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