REI Lense

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$2,031 (target)

246 Deep Step Rd, Covington, GA 30014

3 beds • 2 baths • 1965 sqft

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This property looks like a bad Long-Term investment with a projected -10.22% first-year return on $72,765 initial cash invested.

-10.22%

Cash On Cash

4.22%

Cap Rate

0.7

DSCR

$2,031

Rent

-$620

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,031 income − $2,651 expenses = $620 out of pocket

Income$2,031Out of Pocket$620Mortgage P&I$1,73786%Property Taxes$26113%Insurance$1246%Management$20310%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$347k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,765

Downpayment

20%

$69,300

Closing costs

1%

$3,465

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,031

Total Expenses

$2,651

Mortgage P&I

86%

$1,737

Property Taxes

13%

$261

Home Insurance

6%

$124

HOA

0%

$0

Property Management

10%

$203

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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