REI Lense

REI Lense

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$2,903 (target)

2614 Locust Grove Rd, Griffin, GA 30223

3 beds • 3 baths • 3757 sqft

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This property looks like a bad Long-Term investment with a projected -14.37% first-year return on $120k initial cash invested.

-14.37%

Cash On Cash

3.37%

Cap Rate

0.55

DSCR

$2,903

Rent

-$1,432

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,903 income − $4,335 expenses = $1,432 out of pocket

Income$2,903Out of Pocket$1,432Mortgage P&I$2,88799%Property Taxes$50817%Insurance$1866%Management$29010%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

|

Purchase Price

$570k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$114k

Closing costs

1%

$5,696

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,903

Total Expenses

$4,335

Mortgage P&I

99%

$2,887

Property Taxes

18%

$508

Home Insurance

6%

$186

HOA

0%

$0

Property Management

10%

$290

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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