REI Lense

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$3,224 (target)

38 Pine Cres, Newnan, GA 30265

3 beds • 2 baths • 1817 sqft

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This property looks like a bad Mid-Term investment with a projected -2.1% first-year return on $91,290 initial cash invested.

-2.1%

Cash On Cash

6.51%

Cap Rate

0.98

DSCR

$3,224

Rent

-$160

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,224 income − $3,384 expenses = $160 out of pocket

Income$3,224Out of Pocket$160Mortgage P&I$1,92560%Property Taxes$2056%Insurance$1244%HOA$331%Management$38712%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,224

Total Expenses

$3,384

Mortgage P&I

60%

$1,925

Property Taxes

6%

$205

Home Insurance

4%

$124

HOA

1%

$33

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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