REI Lense

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$2,464 (target)

123 Lu Mac Rd, Albany, GA 31701

3 beds • 2 baths • 1628 sqft

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This property might be a fair Mid-Term investment with a projected 4.47% first-year return on $66,090 initial cash invested.

4.47%

Cash On Cash

8.05%

Cap Rate

1.29

DSCR

$2,464

Rent

$246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,464 income − $2,218 expenses = $246 cash flow

Income$2,464Mortgage P&I$1,19148%Property Taxes$1084%Insurance$803%Management$29612%CapEx$994%Vacancy$743%Maintenance$994%Other$27111%Cash Flow$246

Investment Breakdown

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Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,090

Downpayment

20%

$45,800

Closing costs

1%

$2,290

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,464

Total Expenses

$2,218

Mortgage P&I

48%

$1,191

Property Taxes

4%

$108

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$296

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$271

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