REI Lense

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$3,046 (target)

246 Deep Step Rd, Covington, GA 30014

3 beds • 2 baths • 1965 sqft

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This property looks like a bad Mid-Term investment with a projected -1.48% first-year return on $90,765 initial cash invested.

-1.48%

Cash On Cash

6.05%

Cap Rate

1.01

DSCR

$3,046

Rent

-$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,046 income − $3,158 expenses = $112 out of pocket

Income$3,046Out of Pocket$112Mortgage P&I$1,73757%Property Taxes$2619%Insurance$1244%Management$36612%CapEx$1224%Vacancy$913%Maintenance$1224%Other$33511%

Investment Breakdown

|

Purchase Price

$347k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,765

Downpayment

20%

$69,300

Closing costs

1%

$3,465

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,046

Total Expenses

$3,158

Mortgage P&I

57%

$1,737

Property Taxes

9%

$261

Home Insurance

4%

$124

HOA

0%

$0

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$335

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