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930 Hicks Rd, Lakeland, FL 33813

3 beds • 2 baths • 1390 sqft

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This property looks like a bad Airbnb investment with a projected -9.36% first-year return on $78,438 initial cash invested.

-9.36%

Cash On Cash

3.77%

Cap Rate

0.64

DSCR

$2,430

Rent

-$612

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,430 income − $3,042 expenses = $612 out of pocket

Income$2,430Out of Pocket$612Mortgage P&I$1,41958%Property Taxes$32213%Insurance$1356%Management$36415%CapEx$974%Maintenance$974%Other$60825%

Investment Breakdown

|

Purchase Price

$288k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,438

Downpayment

20%

$57,560

Closing costs

1%

$2,878

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,430

Total Expenses

$3,042

Mortgage P&I

58%

$1,419

Property Taxes

13%

$322

Home Insurance

6%

$135

HOA

0%

$0

Property Management

15%

$364

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$608

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