REI Lense

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$2,114 (target)

2403 Florida Avenue, Savannah, GA 31404

3 beds • 2 baths • 1713 sqft

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This property looks like a bad Long-Term investment with a projected -5.48% first-year return on $61,992 initial cash invested.

-5.48%

Cash On Cash

5.91%

Cap Rate

0.89

DSCR

$2,114

Rent

-$283

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,114 income − $2,397 expenses = $283 out of pocket

Income$2,114Out of Pocket$283Mortgage P&I$1,63177%Property Taxes$1226%Insurance$944%Management$21110%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,992

Downpayment

20%

$59,040

Closing costs

1%

$2,952

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,114

Total Expenses

$2,397

Mortgage P&I

77%

$1,631

Property Taxes

6%

$122

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$211

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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