REI Lense

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$3,320 (target)

265 Promise Heights Dr, Ringgold, GA 30736

3 beds • 2 baths • 1820 sqft

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This property looks like a bad Mid-Term investment with a projected -2.2% first-year return on $100k initial cash invested.

-2.2%

Cash On Cash

6.02%

Cap Rate

0.97

DSCR

$3,320

Rent

-$184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,320 income − $3,504 expenses = $184 out of pocket

Income$3,320Out of Pocket$184Mortgage P&I$2,02061%Property Taxes$2156%Insurance$1404%Management$39812%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36511%

Investment Breakdown

|

Purchase Price

$393k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,500

Closing costs

1%

$3,925

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,320

Total Expenses

$3,504

Mortgage P&I

61%

$2,020

Property Taxes

6%

$215

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$398

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$365

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