REI Lense

REI Lense

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$1,205 (target)

408 N Lee St, Quitman, GA 31643

3 beds • 2 baths • 1988 sqft

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This property looks like a bad Long-Term investment with a projected -0.23% first-year return on $31,290 initial cash invested.

-0.23%

Cash On Cash

6.85%

Cap Rate

1.07

DSCR

$1,205

Rent

-$6

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,205 income − $1,211 expenses = $6 out of pocket

Income$1,205Out of Pocket$6Mortgage P&I$79666%Property Taxes$514%Insurance$524%Management$12010%CapEx$605%Vacancy$726%Maintenance$605%

Investment Breakdown

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Purchase Price

$149k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,290

Downpayment

20%

$29,800

Closing costs

1%

$1,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,205

Total Expenses

$1,211

Mortgage P&I

66%

$796

Property Taxes

4%

$51

Home Insurance

4%

$52

HOA

0%

$0

Property Management

10%

$120

CapEx

5%

$60

Vacancy

6%

$72

Maintenance

5%

$60

Other

0%

$0

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