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$2,691 (target)

1903 Old Concord Dr SE, Covington, GA 30016

3 beds • 2 baths • 1389 sqft

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This property looks like a bad Mid-Term investment with a projected -0.83% first-year return on $84,150 initial cash invested.

-0.83%

Cash On Cash

6.13%

Cap Rate

1.03

DSCR

$2,691

Rent

-$58

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,691 income − $2,749 expenses = $58 out of pocket

Income$2,691Out of Pocket$58Mortgage P&I$1,55858%Property Taxes$1656%Insurance$1104%Management$32312%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29611%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,691

Total Expenses

$2,749

Mortgage P&I

58%

$1,558

Property Taxes

6%

$165

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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