REI Lense

REI Lense

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$1,522 (target)

203 N Clay St, Quitman, GA 31643

3 beds • 2 baths • 3154 sqft

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This property could be a profitable Long-Term investment with a projected 27.47% first-year return on $22,281 initial cash invested.

27.47%

Cash On Cash

12.42%

Cap Rate

2.14

DSCR

$1,522

Rent

$510

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,522 income − $1,012 expenses = $510 cash flow

Income$1,522Mortgage P&I$51234%Property Taxes$111%Insurance$946%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%Cash Flow$510

Investment Breakdown

|

Purchase Price

$106k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$22,281

Downpayment

20%

$21,220

Closing costs

1%

$1,061

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,522

Total Expenses

$1,012

Mortgage P&I

34%

$512

Property Taxes

1%

$11

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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