REI Lense

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$2,295 (target)

114 Paddle Wheel Dr, Lagrange, GA 30240

3 beds • 2 baths • 1266 sqft

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This property might be a fair Mid-Term investment with a projected 5.31% first-year return on $59,853 initial cash invested.

5.31%

Cash On Cash

8.25%

Cap Rate

1.35

DSCR

$2,295

Rent

$265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,295 income − $2,030 expenses = $265 cash flow

Income$2,295Mortgage P&I$1,01444%Property Taxes$1426%Insurance$944%Management$27512%CapEx$924%Vacancy$693%Maintenance$924%Other$25211%Cash Flow$265

Investment Breakdown

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Purchase Price

$199k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,853

Downpayment

20%

$39,860

Closing costs

1%

$1,993

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,295

Total Expenses

$2,030

Mortgage P&I

44%

$1,014

Property Taxes

6%

$142

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$275

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$252

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