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$3,160 (target)

8704 TOM COSTINE ROAD, Lakeland, FL 33809

3 beds • 2 baths • 2024 sqft

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This property looks like a bad Mid-Term investment with a projected -9.92% first-year return on $134k initial cash invested.

-9.92%

Cash On Cash

3.87%

Cap Rate

0.64

DSCR

$3,160

Rent

-$1,107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,160 income − $4,267 expenses = $1,107 out of pocket

Income$3,160Out of Pocket$1,107Mortgage P&I$2,76087%Property Taxes$2307%Insurance$2036%Management$37912%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34811%

Investment Breakdown

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Purchase Price

$552k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$110k

Closing costs

1%

$5,517

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,160

Total Expenses

$4,267

Mortgage P&I

87%

$2,760

Property Taxes

7%

$230

Home Insurance

6%

$203

HOA

0%

$0

Property Management

12%

$379

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$348

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