REI Lense

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$2,930 (target)

1244 Smith Rd, Forsyth, GA 31029

3 beds • 2 baths • 1624 sqft

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This property looks like a bad Mid-Term investment with a projected -3.4% first-year return on $96,120 initial cash invested.

-3.4%

Cash On Cash

5.55%

Cap Rate

0.92

DSCR

$2,930

Rent

-$272

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,930 income − $3,202 expenses = $272 out of pocket

Income$2,930Out of Pocket$272Mortgage P&I$1,87664%Property Taxes$1967%Insurance$1345%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%

Investment Breakdown

|

Purchase Price

$372k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,120

Downpayment

20%

$74,400

Closing costs

1%

$3,720

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,930

Total Expenses

$3,202

Mortgage P&I

64%

$1,876

Property Taxes

7%

$196

Home Insurance

5%

$134

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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