REI Lense

REI Lense

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$1,241 (target)

1009 E 8th Ave, Cordele, GA 31015

3 beds • 1 baths • 1404 sqft

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This property might be a fair Long-Term investment with a projected 6.45% first-year return on $24,192 initial cash invested.

6.45%

Cash On Cash

8.55%

Cap Rate

1.31

DSCR

$1,241

Rent

$130

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,241 income − $1,111 expenses = $130 cash flow

Income$1,241Mortgage P&I$62951%Property Taxes$1089%Insurance$524%Management$12410%CapEx$625%Vacancy$746%Maintenance$625%Cash Flow$130

Investment Breakdown

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Purchase Price

$115k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$24,192

Downpayment

20%

$23,040

Closing costs

1%

$1,152

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,241

Total Expenses

$1,111

Mortgage P&I

51%

$629

Property Taxes

9%

$108

Home Insurance

4%

$52

HOA

0%

$0

Property Management

10%

$124

CapEx

5%

$62

Vacancy

6%

$74

Maintenance

5%

$62

Other

0%

$0

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