REI Lense

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$1,931 (target)

440 Berkshire Dr, Covington, GA 30016

3 beds • 2 baths • 1978 sqft

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This property looks like a bad Long-Term investment with a projected -12.39% first-year return on $71,694 initial cash invested.

-12.39%

Cash On Cash

4.13%

Cap Rate

0.65

DSCR

$1,931

Rent

-$740

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,931 income − $2,671 expenses = $740 out of pocket

Income$1,931Out of Pocket$740Mortgage P&I$1,81794%Property Taxes$23012%Insurance$1216%Management$19310%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,694

Downpayment

20%

$68,280

Closing costs

1%

$3,414

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,931

Total Expenses

$2,671

Mortgage P&I

94%

$1,817

Property Taxes

12%

$230

Home Insurance

6%

$121

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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