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$3,062 (target)

6352 BUTTERNUT DRIVE, Lakeland, FL 33813

3 beds • 2 baths • 1567 sqft

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This property looks like a bad Mid-Term investment with a projected -2.94% first-year return on $92,172 initial cash invested.

-2.94%

Cash On Cash

6.03%

Cap Rate

0.94

DSCR

$3,062

Rent

-$226

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,062 income − $3,288 expenses = $226 out of pocket

Income$3,062Out of Pocket$226Mortgage P&I$1,87861%Property Taxes$2167%Insurance$1284%HOA$261%Management$36712%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33711%

Investment Breakdown

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Purchase Price

$353k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,172

Downpayment

20%

$70,640

Closing costs

1%

$3,532

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,062

Total Expenses

$3,288

Mortgage P&I

61%

$1,878

Property Taxes

7%

$216

Home Insurance

4%

$128

HOA

1%

$26

Property Management

12%

$367

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$337

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