REI Lense

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$2,896 (target)

440 Berkshire Dr, Covington, GA 30016

3 beds • 2 baths • 1978 sqft

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This property looks like a bad Mid-Term investment with a projected -3.45% first-year return on $89,694 initial cash invested.

-3.45%

Cash On Cash

5.89%

Cap Rate

0.92

DSCR

$2,896

Rent

-$258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,896 income − $3,154 expenses = $258 out of pocket

Income$2,896Out of Pocket$258Mortgage P&I$1,81763%Property Taxes$2308%Insurance$1214%Management$34812%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31911%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,694

Downpayment

20%

$68,280

Closing costs

1%

$3,414

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,896

Total Expenses

$3,154

Mortgage P&I

63%

$1,817

Property Taxes

8%

$230

Home Insurance

4%

$121

HOA

0%

$0

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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