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$3,116 (target)

504A Locke St, Palmetto, GA 30268

3 beds • 2 baths • 1606 sqft

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This property might be a fair Mid-Term investment with a projected 5.51% first-year return on $73,818 initial cash invested.

5.51%

Cash On Cash

8.2%

Cap Rate

1.34

DSCR

$3,116

Rent

$339

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,116 income − $2,777 expenses = $339 cash flow

Income$3,116Mortgage P&I$1,35343%Property Taxes$2709%Insurance$943%Management$37412%CapEx$1254%Vacancy$933%Maintenance$1254%Other$34311%Cash Flow$339

Investment Breakdown

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Purchase Price

$266k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,818

Downpayment

20%

$53,160

Closing costs

1%

$2,658

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,116

Total Expenses

$2,777

Mortgage P&I

43%

$1,353

Property Taxes

9%

$270

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$374

CapEx

4%

$125

Vacancy

3%

$93

Maintenance

4%

$125

Other

11%

$343

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