REI Lense

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$2,225 (target)

2594 Lassiter Rd, Forsyth, GA 31029

3 beds • 3 baths • 2023 sqft

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This property looks like a bad Long-Term investment with a projected -17.5% first-year return on $118k initial cash invested.

-17.5%

Cash On Cash

2.41%

Cap Rate

0.41

DSCR

$2,225

Rent

-$1,715

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,225 income − $3,940 expenses = $1,715 out of pocket

Income$2,225Out of Pocket$1,715Mortgage P&I$2,730123%Property Taxes$43620%Insurance$1969%Management$22210%CapEx$1115%Vacancy$1346%Maintenance$1115%

Investment Breakdown

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Purchase Price

$560k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$112k

Closing costs

1%

$5,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,225

Total Expenses

$3,940

Mortgage P&I

123%

$2,730

Property Taxes

20%

$436

Home Insurance

9%

$196

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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