REI Lense

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$3,143 (target)

217 Higginson Drive, Richmond Hill, GA 31324

3 beds • 3 baths • 2430 sqft

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This property looks like a bad Long-Term investment with a projected -14.38% first-year return on $114k initial cash invested.

-14.38%

Cash On Cash

3.45%

Cap Rate

0.56

DSCR

$3,143

Rent

-$1,372

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,143 income − $4,515 expenses = $1,372 out of pocket

Income$3,143Out of Pocket$1,372Mortgage P&I$2,78289%Property Taxes$43414%Insurance$1926%HOA$2909%Management$31410%CapEx$1575%Vacancy$1896%Maintenance$1575%

Investment Breakdown

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Purchase Price

$545k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$109k

Closing costs

1%

$5,452

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,143

Total Expenses

$4,515

Mortgage P&I

89%

$2,782

Property Taxes

14%

$434

Home Insurance

6%

$192

HOA

9%

$290

Property Management

10%

$314

CapEx

5%

$157

Vacancy

6%

$189

Maintenance

5%

$157

Other

0%

$0

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