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617 McCranie Rd, Lakeland, FL 33809

3 beds • 2 baths • 1329 sqft

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This property looks like a bad Airbnb investment with a projected -9.89% first-year return on $86,775 initial cash invested.

-9.89%

Cash On Cash

3.69%

Cap Rate

0.62

DSCR

$2,269

Rent

-$715

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,269 income − $2,984 expenses = $715 out of pocket

Income$2,269Out of Pocket$715Mortgage P&I$1,63272%Property Taxes$1476%Insurance$1165%Management$34015%CapEx$914%Maintenance$914%Other$56725%

Investment Breakdown

|

Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,775

Downpayment

20%

$65,500

Closing costs

1%

$3,275

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,269

Total Expenses

$2,984

Mortgage P&I

72%

$1,632

Property Taxes

6%

$147

Home Insurance

5%

$116

HOA

0%

$0

Property Management

15%

$340

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$567

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