REI Lense

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$1,587 (target)

1615 38th St, Columbus, GA 31904

3 beds • 2 baths • 1249 sqft

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This property looks like a bad Mid-Term investment with a projected -2.62% first-year return on $54,141 initial cash invested.

-2.62%

Cash On Cash

6.38%

Cap Rate

0.94

DSCR

$1,587

Rent

-$118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,587 income − $1,705 expenses = $118 out of pocket

Income$1,587Out of Pocket$118Mortgage P&I$97061%Property Taxes$1308%Insurance$664%Management$19012%CapEx$634%Vacancy$483%Maintenance$634%Other$17511%

Investment Breakdown

|

Purchase Price

$172k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,141

Downpayment

20%

$34,420

Closing costs

1%

$1,721

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,587

Total Expenses

$1,705

Mortgage P&I

61%

$970

Property Taxes

8%

$130

Home Insurance

4%

$66

HOA

0%

$0

Property Management

12%

$190

CapEx

4%

$63

Vacancy

3%

$48

Maintenance

4%

$63

Other

11%

$175

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