REI Lense

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$4,203 (target)

39 Joanna Ct, Morganton, GA 30560

3 beds • 3 baths • 1274 sqft

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This property looks like a bad Mid-Term investment with a projected -6.17% first-year return on $158k initial cash invested.

-6.17%

Cash On Cash

4.65%

Cap Rate

0.8

DSCR

$4,203

Rent

-$815

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,203 income − $5,018 expenses = $815 out of pocket

Income$4,203Out of Pocket$815Mortgage P&I$3,24277%Property Taxes$1143%Insurance$2346%Management$50412%CapEx$1684%Vacancy$1263%Maintenance$1684%Other$46211%

Investment Breakdown

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Purchase Price

$669k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$158k

Downpayment

20%

$134k

Closing costs

1%

$6,690

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,203

Total Expenses

$5,018

Mortgage P&I

77%

$3,242

Property Taxes

3%

$114

Home Insurance

6%

$234

HOA

0%

$0

Property Management

12%

$504

CapEx

4%

$168

Vacancy

3%

$126

Maintenance

4%

$168

Other

11%

$462

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