REI Lense

REI Lense

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$2,382 (target)

3940 Spring Ridge Dr, Cumming, GA 30028

3 beds • 2 baths • 1879 sqft

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This property looks like a bad Long-Term investment with a projected -9.25% first-year return on $92,589 initial cash invested.

-9.25%

Cash On Cash

4.34%

Cap Rate

0.73

DSCR

$2,382

Rent

-$714

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,382 income − $3,096 expenses = $714 out of pocket

Income$2,382Out of Pocket$714Mortgage P&I$2,19092%Property Taxes$382%Insurance$1587%HOA$914%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$441k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,589

Downpayment

20%

$88,180

Closing costs

1%

$4,409

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,382

Total Expenses

$3,096

Mortgage P&I

92%

$2,190

Property Taxes

2%

$38

Home Insurance

7%

$158

HOA

4%

$91

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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