REI Lense

REI Lense

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$2,793 (target)

350 Old River Rd, Cornelia, GA 30531

3 beds • 3 baths • 2544 sqft

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This property looks like a bad Mid-Term investment with a projected -3.17% first-year return on $93,579 initial cash invested.

-3.17%

Cash On Cash

5.57%

Cap Rate

0.93

DSCR

$2,793

Rent

-$247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,579

Downpayment

20%

$71,980

Closing costs

1%

$3,599

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,793

Total Expenses

$3,040

Mortgage P&I

65%

$1,807

Property Taxes

3%

$74

Home Insurance

5%

$126

HOA

3%

$83

Property Management

12%

$335

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$307

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