REI Lense

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$4,354 (target)

2614 Locust Grove Rd, Griffin, GA 30223

3 beds • 3 baths • 3757 sqft

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This property looks like a bad Mid-Term investment with a projected -6.16% first-year return on $138k initial cash invested.

-6.16%

Cash On Cash

4.96%

Cap Rate

0.82

DSCR

$4,354

Rent

-$707

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,354 income − $5,061 expenses = $707 out of pocket

Income$4,354Out of Pocket$707Mortgage P&I$2,88766%Property Taxes$50812%Insurance$1864%Management$52212%CapEx$1744%Vacancy$1313%Maintenance$1744%Other$47911%

Investment Breakdown

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Purchase Price

$570k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$114k

Closing costs

1%

$5,696

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,354

Total Expenses

$5,061

Mortgage P&I

66%

$2,887

Property Taxes

12%

$508

Home Insurance

4%

$186

HOA

0%

$0

Property Management

12%

$522

CapEx

4%

$174

Vacancy

3%

$131

Maintenance

4%

$174

Other

11%

$479

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