REI Lense

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$3,369 (target)

3 Ibis Way, Savannah, GA 31419

3 beds • 2 baths • 1655 sqft

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This property might be a fair Mid-Term investment with a projected 3.87% first-year return on $84,969 initial cash invested.

3.87%

Cash On Cash

7.65%

Cap Rate

1.25

DSCR

$3,369

Rent

$274

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,369 income − $3,095 expenses = $274 cash flow

Income$3,369Mortgage P&I$1,62548%Property Taxes$1685%Insurance$1133%HOA$431%Management$40412%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37111%Cash Flow$274

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,969

Downpayment

20%

$63,780

Closing costs

1%

$3,189

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,369

Total Expenses

$3,095

Mortgage P&I

48%

$1,625

Property Taxes

5%

$168

Home Insurance

3%

$113

HOA

1%

$43

Property Management

12%

$404

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$371

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