REI Lense

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$1,991 (target)

1500 Welcome Rd, Newnan, GA 30263

3 beds • 2 baths • 1806 sqft

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This property looks like a bad Long-Term investment with a projected -7.81% first-year return on $66,864 initial cash invested.

-7.81%

Cash On Cash

4.69%

Cap Rate

0.79

DSCR

$1,991

Rent

-$435

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,991 income − $2,426 expenses = $435 out of pocket

Income$1,991Out of Pocket$435Mortgage P&I$1,58079%Property Taxes$20410%Insurance$1246%Management$19910%CapEx$1005%Vacancy$1196%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,864

Downpayment

20%

$63,680

Closing costs

1%

$3,184

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,991

Total Expenses

$2,426

Mortgage P&I

79%

$1,580

Property Taxes

10%

$204

Home Insurance

6%

$124

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$119

Maintenance

5%

$100

Other

0%

$0

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