Rank #3CondoCash Flow: $1,048/mo

3 bed / 3 bath · Lakeland

Lakeland, FL 33809 · Address on request · Zephyrhills

Beautifully updated and move-in ready! This 3-bedroom, 2.5-bath townhome is tucked inside the gated community of Cobblestone Landing and offers a spacious layout, peaceful pond views, and added privacy with no neighboring home on one side. The inviting great room flows into an updated kitchen featuring granite countertops, tile backsplash, breakfast bar, and closet pantry. Upstairs, the spacious primary suite offers a walk-in closet and private bath with a soaking tub and shower. Fresh interior paint throughout gives the home a clean, refreshed feel, while a large hallway closet with side-by-side washer and dryer provides convenient indoor laundry and additional storage. Outside, enjoy grilling, relaxing, or taking in the tranquil pond view from the side patio. Community amenities include a swimming pool, recreation facility, gated entry, and 24-hour security. Just minutes from I-4, shopping, restaurants, and Sandpiper Golf Course, with a convenient Central Florida location between Tampa and Orlando. With its updated interior, peaceful pond view, and convenient Central Florida location, this townhome is ready for its next owner!

Ask: $190,000
Offer: $186,500
Rent: $1,785/mo
Cash flow: $1,048/mo
After debt (50% dn): $428/mo
Mortgage (50% dn): $620/mo
Tax: $237/mo
HOA: $342/mo
Insurance: $158/mo
Beds / baths: 3 / 3
Sqft: 1,302
Year built: 2009
Lot: 871 sqft

Money Models

Summary of the various models

These numbers use a simple setup: you put half the price down and keep the property for 10 years. Each card is a different guess about how fast prices rise.

Cash left each month (half down)

$428/mo

Rent minus taxes, HOA, insurance, and the mortgage. That’s about 5.5% a year on the money you put in.

If you pay all cash

$1,048/mo

No mortgage payment. About 6.7% a year on the full purchase price.

Like the last 10 years

Uses how fast this type of property grew in Tampa over the past 10 years.

Worth in 10 years: $361,047
Rent leftovers stacked: $51,313
Rent + price growth: $239,089

Slow growth

Assumes prices go up slowly. Safer / more careful guess.

Worth in 10 years: $206,012
Rent leftovers stacked: $51,313
Rent + price growth: $84,055

Normal growth

A middle-of-the-road guess for the next several years.

Worth in 10 years: $250,640
Rent leftovers stacked: $51,313
Rent + price growth: $128,683

Fast growth

Assumes a strong market. Good case, not a promise.

Worth in 10 years: $318,569
Rent leftovers stacked: $51,313
Rent + price growth: $196,612

The sections below let you move the down payment and the years if you want. You already have the picture if you stop here.

Model 1

Cash-on-cash (your yearly paycheck %)

What is this in plain English?

Imagine you put some money down to buy the house. Every month, tenants pay rent. After you pay taxes, HOA, insurance, and the mortgage, whatever cash is left is your “paycheck” from the property.

Cash-on-cash answers: “If I put in $X, what % of that do I get back each year in leftover cash?” Example: put in $100,000 and get $8,000/year left over → 8% cash-on-cash.

Move the slider to change how much you put down (1% = mostly borrowed, 100% = you pay all cash and have no mortgage payment).

If you pay all cash

6.7%

You keep about $1,048/mo every month after bills

With this down payment

5.5%

50% down = $93,250 of your money

Cash left each month

$428/mo

After also paying the $620/mo mortgage

How much do you put down?50% · $93,250 · bank loan $93,250

1% down50%100% all cash

Open mortgage calculator with these numbers →

Model 2

Price growth (will the property be worth more?)

What is this in plain English?

Houses (and land) often cost more years later than they do today. That rise in price is called appreciation.

This model guesses: “If prices grow like ___, what is this property worth after 1 to 15 years?” It also tracks how much of the loan you’ve paid off, so you can see your equity (value minus what’s still owed to the bank).

Pick a growth speed below, then slide how many years you plan to hold. These are scenarios — not guarantees.

Modeled at ~72% of Tampa SFH HPI YoY (condos typically lag detached in this cycle). Forward rates discounted vs SFH.

Last 1 year avg growth

-0.6% / yr

Last 5 years avg growth

7.5% / yr

Last 10 years avg growth

6.8% / yr

A middle-of-the-road guess for the next several years. Using 3.0% growth per year.

How many years do you keep it?10 years

1 yr8 yr15 yr

Estimated value then

$250,640

Your equity

$170,620

Still owe bank $80,020

Profit vs cash you put in

$128,683

Includes rent leftover + price growth

Avg return per year

9.1%

2.38× your cash back

Recent yearly price changes · Condo

Model 3

Total return (rent + price growth together)

What is this in plain English?

Real estate can pay you in two ways at the same time:

Rent leftovers (like a dividend) — cash you collect each year after bills and the mortgage.
Price growth — the property becoming worth more than what you still owe, so your equity grows.

This model adds both over the years you chose above. That combined number is your estimated total return. Uses the same down payment and growth scenario from Models 1 and 2.

From rent (dividends)

$51,313

10 years of leftover cash stacked up

From price growth

$77,370

Equity today minus the cash you put in

Total return

$128,683

On $93,250 cash in · 9.1%/yr avg

Where the money comes from (year 10)

Rent leftoversPrice growth

Year	Rent stacked	Equity gain	Total return	Avg / yr
1	$5,131	$6,542	$11,674	12.5%
2	$10,263	$13,321	$23,583	11.9%
3	$15,394	$20,346	$35,739	11.4%
4	$20,525	$27,627	$48,152	11.0%
5	$25,656	$35,177	$60,833	10.6%
6	$30,788	$43,006	$73,793	10.2%
7	$35,919	$51,127	$87,045	9.9%
8	$41,050	$59,552	$100,602	9.6%
9	$46,181	$68,295	$114,476	9.3%
10	$51,313	$77,370	$128,683	9.1%
11	$56,444	$86,793	$143,237	8.8%
12	$61,575	$96,579	$158,154	8.6%
13	$66,706	$106,745	$173,452	8.4%
14	$71,838	$117,309	$189,146	8.2%
15	$76,969	$128,288	$205,257	8.1%

Tip: change the down-payment slider in Model 1 and the years / growth buttons in Model 2 — this total-return table updates automatically.

Zephyrhills · Greater Tampa