REI Lense

REI Lense

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$2,591 (target)

2828 Martin Mill Rd, Newnan, GA 30263

3 beds • 2 baths • 1767 sqft

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This property looks like a bad Long-Term investment with a projected -11.73% first-year return on $88,074 initial cash invested.

-11.73%

Cash On Cash

4.55%

Cap Rate

0.69

DSCR

$2,591

Rent

-$861

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,591 income − $3,452 expenses = $861 out of pocket

Income$2,591Out of Pocket$861Mortgage P&I$2,32290%Property Taxes$30712%Insurance$1496%Management$25910%CapEx$1305%Vacancy$1556%Maintenance$1305%

Investment Breakdown

|

Purchase Price

$419k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,074

Downpayment

20%

$83,880

Closing costs

1%

$4,194

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,591

Total Expenses

$3,452

Mortgage P&I

90%

$2,322

Property Taxes

12%

$307

Home Insurance

6%

$149

HOA

0%

$0

Property Management

10%

$259

CapEx

5%

$130

Vacancy

6%

$155

Maintenance

5%

$130

Other

0%

$0

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