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656 NE Lake Dr, Lake City, FL 32055

3 beds • 1 baths • 1243 sqft

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This property might be a fair Long-Term investment with a projected 8.5% first-year return on $31,479 initial cash invested.

8.5%

Cash On Cash

8.81%

Cap Rate

1.38

DSCR

$1,550

Rent

$223

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,550 income − $1,327 expenses = $223 cash flow

Income$1,550Mortgage P&I$80052%Property Taxes$715%Insurance$523%Management$15510%CapEx$785%Vacancy$936%Maintenance$785%Cash Flow$223

Investment Breakdown

|

Purchase Price

$150k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,479

Downpayment

20%

$29,980

Closing costs

1%

$1,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,550

Total Expenses

$1,327

Mortgage P&I

52%

$800

Property Taxes

5%

$71

Home Insurance

3%

$52

HOA

0%

$0

Property Management

10%

$155

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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