REI Lense

REI Lense

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$1,882 (target)

617 McCranie Rd, Lakeland, FL 33809

3 beds • 2 baths • 1329 sqft

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This property looks like a bad Long-Term investment with a projected -8.76% first-year return on $68,775 initial cash invested.

-8.76%

Cash On Cash

4.48%

Cap Rate

0.75

DSCR

$1,882

Rent

-$502

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,882 income − $2,384 expenses = $502 out of pocket

Income$1,882Out of Pocket$502Mortgage P&I$1,63287%Property Taxes$1478%Insurance$1166%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,775

Downpayment

20%

$65,500

Closing costs

1%

$3,275

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,882

Total Expenses

$2,384

Mortgage P&I

87%

$1,632

Property Taxes

8%

$147

Home Insurance

6%

$116

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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