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$3,464 (target)

6005 Ike Smith Rd, Plant City, FL 33565

3 beds • 2 baths • 1695 sqft

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This property looks like a bad Mid-Term investment with a projected -2.62% first-year return on $112k initial cash invested.

-2.62%

Cash On Cash

5.84%

Cap Rate

0.95

DSCR

$3,464

Rent

-$244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,464 income − $3,708 expenses = $244 out of pocket

Income$3,464Out of Pocket$244Mortgage P&I$2,27666%Property Taxes$953%Insurance$1585%Management$41612%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38111%

Investment Breakdown

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Purchase Price

$446k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,260

Closing costs

1%

$4,463

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,464

Total Expenses

$3,708

Mortgage P&I

66%

$2,276

Property Taxes

3%

$95

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$381

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