REI Lense

REI Lense

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$2,420 (target)

2023 Wellborn Rd, Lithonia, GA 30058

3 beds • 2 baths • 1526 sqft

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This property could be a profitable Mid-Term investment with a projected 12.56% first-year return on $46,350 initial cash invested.

12.56%

Cash On Cash

11.37%

Cap Rate

1.84

DSCR

$2,420

Rent

$485

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$135k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,350

Downpayment

20%

$27,000

Closing costs

1%

$1,350

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,420

Total Expenses

$1,935

Mortgage P&I

29%

$697

Property Taxes

15%

$368

Home Insurance

2%

$47

HOA

0%

$0

Property Management

12%

$290

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$266

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