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$4,492 (target)

401 Herrin Rd, Cornelia, GA 30531

3 beds • 4 baths • 3320 sqft

$1,925,000

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This property looks like a bad Mid-Term investment with a projected -23.37% first-year return on $422k initial cash invested.

-23.37%

Cash On Cash

1.13%

Cap Rate

0.18

DSCR

$4,492

Rent

-$8,224

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1925k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$422k

Downpayment

20%

$385k

Closing costs

1%

$19,250

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,492

Total Expenses

$12,716

Mortgage P&I

219%

$9,854

Property Taxes

15%

$660

Home Insurance

15%

$674

HOA

0%

$0

Property Management

12%

$539

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$494

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