REI Lense

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$3,494 (target)

1106 Corinth Rd, Newnan, GA 30263

3 beds • 2 baths • 1810 sqft

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This property looks like a bad Mid-Term investment with a projected -0.81% first-year return on $101k initial cash invested.

-0.81%

Cash On Cash

6.24%

Cap Rate

1.04

DSCR

$3,494

Rent

-$68

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,494 income − $3,562 expenses = $68 out of pocket

Income$3,494Out of Pocket$68Mortgage P&I$1,98857%Property Taxes$2467%Insurance$1404%Management$41912%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38411%

Investment Breakdown

|

Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,220

Closing costs

1%

$3,961

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,494

Total Expenses

$3,562

Mortgage P&I

57%

$1,988

Property Taxes

7%

$246

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$419

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$384

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