REI Lense

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$1,073 (target)

1508 Canary Ln, Albany, GA 31705

3 beds • 2 baths • 1224 sqft

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This property might be a fair Long-Term investment with a projected 1.27% first-year return on $25,515 initial cash invested.

1.27%

Cash On Cash

6.92%

Cap Rate

1.13

DSCR

$1,073

Rent

$27

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,073 income − $1,046 expenses = $27 cash flow

Income$1,073Mortgage P&I$62058%Property Taxes$11511%Insurance$323%Management$10710%CapEx$545%Vacancy$646%Maintenance$545%Cash Flow$27

Investment Breakdown

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Purchase Price

$122k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$25,515

Downpayment

20%

$24,300

Closing costs

1%

$1,215

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,073

Total Expenses

$1,046

Mortgage P&I

58%

$620

Property Taxes

11%

$115

Home Insurance

3%

$32

HOA

0%

$0

Property Management

10%

$107

CapEx

5%

$54

Vacancy

6%

$64

Maintenance

5%

$54

Other

0%

$0

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