REI Lense

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$3,435 (target)

14 Spring Water Dr, Ringgold, GA 30736

3 beds • 3 baths • 1816 sqft

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This property might be a fair Mid-Term investment with a projected 1.8% first-year return on $93,474 initial cash invested.

1.8%

Cash On Cash

6.88%

Cap Rate

1.16

DSCR

$3,435

Rent

$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,435 income − $3,295 expenses = $140 cash flow

Income$3,435Mortgage P&I$1,78452%Property Taxes$2146%Insurance$1304%Management$41212%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37811%Cash Flow$140

Investment Breakdown

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Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,474

Downpayment

20%

$71,880

Closing costs

1%

$3,594

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,435

Total Expenses

$3,295

Mortgage P&I

52%

$1,784

Property Taxes

6%

$214

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$412

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$378

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