REI Lense

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$3,345 (target)

255 Frankie Ln, Covington, GA 30014

3 beds • 2 baths • 2266 sqft

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This property looks like a bad Mid-Term investment with a projected -5.3% first-year return on $114k initial cash invested.

-5.3%

Cash On Cash

4.99%

Cap Rate

0.84

DSCR

$3,345

Rent

-$505

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,345 income − $3,850 expenses = $505 out of pocket

Income$3,345Out of Pocket$505Mortgage P&I$2,27768%Property Taxes$2668%Insurance$1705%Management$40112%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36811%

Investment Breakdown

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Purchase Price

$459k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,760

Closing costs

1%

$4,588

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,345

Total Expenses

$3,850

Mortgage P&I

68%

$2,277

Property Taxes

8%

$266

Home Insurance

5%

$170

HOA

0%

$0

Property Management

12%

$401

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$368

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