REI Lense

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$3,742 (target)

215 Goodman Drive, Midway, GA 31320

3 beds • 3 baths • 2195 sqft

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This property looks like a bad Mid-Term investment with a projected -10.39% first-year return on $121k initial cash invested.

-10.39%

Cash On Cash

3.91%

Cap Rate

0.64

DSCR

$3,742

Rent

-$1,046

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,742 income − $4,788 expenses = $1,046 out of pocket

Income$3,742Out of Pocket$1,046Mortgage P&I$2,48967%Property Taxes$70119%Insurance$1755%HOA$1504%Management$44912%CapEx$1504%Vacancy$1123%Maintenance$1504%Other$41211%

Investment Breakdown

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Purchase Price

$489k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$97,860

Closing costs

1%

$4,893

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,742

Total Expenses

$4,788

Mortgage P&I

67%

$2,489

Property Taxes

19%

$701

Home Insurance

5%

$175

HOA

4%

$150

Property Management

12%

$449

CapEx

4%

$150

Vacancy

3%

$112

Maintenance

4%

$150

Other

11%

$412

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