REI Lense

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$3,573 (target)

3940 Spring Ridge Dr, Cumming, GA 30028

3 beds • 2 baths • 1879 sqft

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This property looks like a bad Mid-Term investment with a projected -1.29% first-year return on $111k initial cash invested.

-1.29%

Cash On Cash

6.03%

Cap Rate

1.01

DSCR

$3,573

Rent

-$119

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,573 income − $3,692 expenses = $119 out of pocket

Income$3,573Out of Pocket$119Mortgage P&I$2,19061%Property Taxes$381%Insurance$1584%HOA$913%Management$42912%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39311%

Investment Breakdown

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Purchase Price

$441k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,180

Closing costs

1%

$4,409

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,573

Total Expenses

$3,692

Mortgage P&I

61%

$2,190

Property Taxes

1%

$38

Home Insurance

4%

$158

HOA

3%

$91

Property Management

12%

$429

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$393

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