REI Lense

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$1,697 (target)

1052 Spencer Rd, Millen, GA 30442

3 beds • 2 baths • 1452 sqft

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This property looks like a bad Long-Term investment with a projected -10.52% first-year return on $53,865 initial cash invested.

-10.52%

Cash On Cash

4.81%

Cap Rate

0.73

DSCR

$1,697

Rent

-$472

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,697 income − $2,169 expenses = $472 out of pocket

Income$1,697Out of Pocket$472Mortgage P&I$1,41583%Property Taxes$20812%Insurance$1046%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$257k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,865

Downpayment

20%

$51,300

Closing costs

1%

$2,565

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,697

Total Expenses

$2,169

Mortgage P&I

83%

$1,415

Property Taxes

12%

$208

Home Insurance

6%

$104

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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