REI Lense

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$2,494 (target)

2521 Fairview Rd, Covington, GA 30016

3 beds • 2 baths • 1373 sqft

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This property looks like a bad Mid-Term investment with a projected -3.23% first-year return on $78,879 initial cash invested.

-3.23%

Cash On Cash

6.1%

Cap Rate

0.93

DSCR

$2,494

Rent

-$212

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,494 income − $2,706 expenses = $212 out of pocket

Income$2,494Out of Pocket$212Mortgage P&I$1,58564%Property Taxes$1717%Insurance$1024%Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%

Investment Breakdown

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Purchase Price

$290k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,494

Total Expenses

$2,706

Mortgage P&I

64%

$1,585

Property Taxes

7%

$171

Home Insurance

4%

$102

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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