REI Lense

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$3,798 (target)

217 Forrester Cemetery Rd, Covington, GA 30014

3 beds • 2 baths • 2334 sqft

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This property looks like a bad Mid-Term investment with a projected -4.39% first-year return on $110k initial cash invested.

-4.39%

Cash On Cash

5.87%

Cap Rate

0.9

DSCR

$3,798

Rent

-$404

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,798 income − $4,202 expenses = $404 out of pocket

Income$3,798Out of Pocket$404Mortgage P&I$2,40363%Property Taxes$3469%Insurance$1614%Management$45612%CapEx$1524%Vacancy$1143%Maintenance$1524%Other$41811%

Investment Breakdown

|

Purchase Price

$440k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,940

Closing costs

1%

$4,397

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,798

Total Expenses

$4,202

Mortgage P&I

63%

$2,403

Property Taxes

9%

$346

Home Insurance

4%

$161

HOA

0%

$0

Property Management

12%

$456

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$418

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