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$2,973 (target)

231 Lucas Way, Statham, GA 30666

3 beds • 2 baths • 1449 sqft

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This property looks like a bad Mid-Term investment with a projected -0.63% first-year return on $86,124 initial cash invested.

-0.63%

Cash On Cash

6.5%

Cap Rate

1.04

DSCR

$2,973

Rent

-$45

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,973 income − $3,018 expenses = $45 out of pocket

Income$2,973Out of Pocket$45Mortgage P&I$1,68357%Property Taxes$2087%Insurance$1164%Management$35712%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32711%

Investment Breakdown

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Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,124

Downpayment

20%

$64,880

Closing costs

1%

$3,244

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,973

Total Expenses

$3,018

Mortgage P&I

57%

$1,683

Property Taxes

7%

$208

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$357

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$327

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