REI Lense

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$2,660 (target)

602 Carey Pl, Lakeland, FL 33803

3 beds • 2 baths • 1133 sqft

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This property might be a fair Mid-Term investment with a projected 4.12% first-year return on $71,718 initial cash invested.

4.12%

Cash On Cash

7.59%

Cap Rate

1.28

DSCR

$2,660

Rent

$246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,660 income − $2,414 expenses = $246 cash flow

Income$2,660Mortgage P&I$1,26548%Property Taxes$1526%Insurance$933%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29311%Cash Flow$246

Investment Breakdown

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Purchase Price

$256k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,718

Downpayment

20%

$51,160

Closing costs

1%

$2,558

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,660

Total Expenses

$2,414

Mortgage P&I

48%

$1,265

Property Taxes

6%

$152

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$293

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