REI Lense

REI Lense

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$2,289 (target)

153 Landing Rd, Cordele, GA 31015

3 beds • 2 baths • 1960 sqft

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This property looks like a bad Mid-Term investment with a projected -8.78% first-year return on $93,789 initial cash invested.

-8.78%

Cash On Cash

4.08%

Cap Rate

0.67

DSCR

$2,289

Rent

-$686

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,289 income − $2,975 expenses = $686 out of pocket

Income$2,289Out of Pocket$686Mortgage P&I$1,82080%Property Taxes$24511%Insurance$1306%Management$27512%CapEx$924%Vacancy$693%Maintenance$924%Other$25211%

Investment Breakdown

|

Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,789

Downpayment

20%

$72,180

Closing costs

1%

$3,609

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,289

Total Expenses

$2,975

Mortgage P&I

80%

$1,820

Property Taxes

11%

$245

Home Insurance

6%

$130

HOA

0%

$0

Property Management

12%

$275

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$252

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