REI Lense

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$1,858 (target)

211 Mikal Street, Rincon, GA 31326

3 beds • 2 baths • 1339 sqft

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This property looks like a bad Long-Term investment with a projected -9.4% first-year return on $63,966 initial cash invested.

-9.4%

Cash On Cash

4.37%

Cap Rate

0.73

DSCR

$1,858

Rent

-$501

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,858 income − $2,359 expenses = $501 out of pocket

Income$1,858Out of Pocket$501Mortgage P&I$1,51682%Property Taxes$25013%Insurance$1106%Management$18610%CapEx$935%Vacancy$1116%Maintenance$935%

Investment Breakdown

|

Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,966

Downpayment

20%

$60,920

Closing costs

1%

$3,046

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,858

Total Expenses

$2,359

Mortgage P&I

82%

$1,516

Property Taxes

13%

$250

Home Insurance

6%

$110

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$111

Maintenance

5%

$93

Other

0%

$0

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