REI Lense

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$1,920 (target)

3215 Melrose Dr, Columbus, GA 31906

3 beds • 2 baths • 0 sqft

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This property might be a fair Mid-Term investment with a projected 9.86% first-year return on $45,279 initial cash invested.

9.86%

Cash On Cash

10.67%

Cap Rate

1.64

DSCR

$1,920

Rent

$372

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,920 income − $1,548 expenses = $372 cash flow

Income$1,920Mortgage P&I$70637%Property Taxes$1437%Insurance$462%Management$23012%CapEx$774%Vacancy$583%Maintenance$774%Other$21111%Cash Flow$372

Investment Breakdown

|

Purchase Price

$130k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,279

Downpayment

20%

$25,980

Closing costs

1%

$1,299

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$1,920

Total Expenses

$1,548

Mortgage P&I

37%

$706

Property Taxes

7%

$143

Home Insurance

2%

$46

HOA

0%

$0

Property Management

12%

$230

CapEx

4%

$77

Vacancy

3%

$58

Maintenance

4%

$77

Other

11%

$211

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