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$3,078 (target)

25 Luke Ln, Covington, GA 30014

3 beds • 2 baths • 1789 sqft

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This property might be a fair Mid-Term investment with a projected 3% first-year return on $79,635 initial cash invested.

3%

Cash On Cash

7.4%

Cap Rate

1.22

DSCR

$3,078

Rent

$199

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,078 income − $2,879 expenses = $199 cash flow

Income$3,078Mortgage P&I$1,48948%Property Taxes$2398%Insurance$1053%Management$36912%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33911%Cash Flow$199

Investment Breakdown

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Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,635

Downpayment

20%

$58,700

Closing costs

1%

$2,935

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,078

Total Expenses

$2,879

Mortgage P&I

48%

$1,489

Property Taxes

8%

$239

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$369

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$339

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