REI Lense

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$1,875 (target)

340 Freeman Dr, Covington, GA 30016

3 beds • 2 baths • 1727 sqft

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This property looks like a bad Long-Term investment with a projected -10.38% first-year return on $64,365 initial cash invested.

-10.38%

Cash On Cash

4.29%

Cap Rate

0.7

DSCR

$1,875

Rent

-$557

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,875 income − $2,432 expenses = $557 out of pocket

Income$1,875Out of Pocket$557Mortgage P&I$1,55883%Property Taxes$25113%Insurance$1106%HOA$251%Management$18810%CapEx$945%Vacancy$1126%Maintenance$945%

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,365

Downpayment

20%

$61,300

Closing costs

1%

$3,065

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,875

Total Expenses

$2,432

Mortgage P&I

83%

$1,558

Property Taxes

13%

$251

Home Insurance

6%

$110

HOA

1%

$25

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$112

Maintenance

5%

$94

Other

0%

$0

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