REI Lense

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$1,808 (target)

408 N Lee St, Quitman, GA 31643

3 beds • 2 baths • 1988 sqft

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This property might be a fair Mid-Term investment with a projected 7.18% first-year return on $49,290 initial cash invested.

7.18%

Cash On Cash

9.37%

Cap Rate

1.46

DSCR

$1,808

Rent

$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,808 income − $1,513 expenses = $295 cash flow

Income$1,808Mortgage P&I$79644%Property Taxes$513%Insurance$523%Management$21712%CapEx$724%Vacancy$543%Maintenance$724%Other$19911%Cash Flow$295

Investment Breakdown

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Purchase Price

$149k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,290

Downpayment

20%

$29,800

Closing costs

1%

$1,490

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,808

Total Expenses

$1,513

Mortgage P&I

44%

$796

Property Taxes

3%

$51

Home Insurance

3%

$52

HOA

0%

$0

Property Management

12%

$217

CapEx

4%

$72

Vacancy

3%

$54

Maintenance

4%

$72

Other

11%

$199

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