REI Lense

REI Lense

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$1,622 (target)

183 Garrison Rd, Cornelia, GA 30531

3 beds • 2 baths • 1140 sqft

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This property looks like a bad Long-Term investment with a projected -8.28% first-year return on $58,968 initial cash invested.

-8.28%

Cash On Cash

4.41%

Cap Rate

0.76

DSCR

$1,622

Rent

-$407

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$281k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,968

Downpayment

20%

$56,160

Closing costs

1%

$2,808

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,622

Total Expenses

$2,029

Mortgage P&I

84%

$1,357

Property Taxes

9%

$151

Home Insurance

6%

$100

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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