REI Lense

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$3,668 (target)

2009 Atlantic Avenue, Savannah, GA 31401

3 beds • 2 baths • 1354 sqft

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This property looks like a bad Mid-Term investment with a projected -3.33% first-year return on $98,850 initial cash invested.

-3.33%

Cash On Cash

6.23%

Cap Rate

0.94

DSCR

$3,668

Rent

-$274

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,668 income − $3,942 expenses = $274 out of pocket

Income$3,668Out of Pocket$274Mortgage P&I$2,12758%Property Taxes$42812%Insurance$1404%Management$44012%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40311%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,668

Total Expenses

$3,942

Mortgage P&I

58%

$2,127

Property Taxes

12%

$428

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$440

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$403

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