REI Lense

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$2,546 (target)

1052 Spencer Rd, Millen, GA 30442

3 beds • 2 baths • 1452 sqft

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This property looks like a bad Mid-Term investment with a projected -0.78% first-year return on $71,865 initial cash invested.

-0.78%

Cash On Cash

6.88%

Cap Rate

1.04

DSCR

$2,546

Rent

-$47

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,546 income − $2,593 expenses = $47 out of pocket

Income$2,546Out of Pocket$47Mortgage P&I$1,41556%Property Taxes$2088%Insurance$1044%Management$30612%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%

Investment Breakdown

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Purchase Price

$257k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,865

Downpayment

20%

$51,300

Closing costs

1%

$2,565

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,546

Total Expenses

$2,593

Mortgage P&I

56%

$1,415

Property Taxes

8%

$208

Home Insurance

4%

$104

HOA

0%

$0

Property Management

12%

$306

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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