REI Lense

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$2,518 (target)

23 Glen Cannon Trl, Newnan, GA 30265

3 beds • 3 baths • 2252 sqft

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This property looks like a bad Long-Term investment with a projected -4.46% first-year return on $72,849 initial cash invested.

-4.46%

Cash On Cash

5.58%

Cap Rate

0.92

DSCR

$2,518

Rent

-$271

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,518 income − $2,789 expenses = $271 out of pocket

Income$2,518Out of Pocket$271Mortgage P&I$1,75970%Property Taxes$24910%Insurance$1265%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

|

Purchase Price

$347k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,849

Downpayment

20%

$69,380

Closing costs

1%

$3,469

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,518

Total Expenses

$2,789

Mortgage P&I

70%

$1,759

Property Taxes

10%

$249

Home Insurance

5%

$126

HOA

0%

$0

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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