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$2,938 (target)

6061 STRICKLAND AVENUE, Lakeland, FL 33812

3 beds • 2 baths • 1492 sqft

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This property might be a fair Mid-Term investment with a projected 2.78% first-year return on $81,252 initial cash invested.

2.78%

Cash On Cash

7.31%

Cap Rate

1.2

DSCR

$2,938

Rent

$188

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,938 income − $2,750 expenses = $188 cash flow

Income$2,938Mortgage P&I$1,53052%Property Taxes$1134%Insurance$1074%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32311%Cash Flow$188

Investment Breakdown

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Purchase Price

$301k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,252

Downpayment

20%

$60,240

Closing costs

1%

$3,012

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,938

Total Expenses

$2,750

Mortgage P&I

52%

$1,530

Property Taxes

4%

$113

Home Insurance

4%

$107

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$323

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