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$2,396 (target)

509 Summit Dr, Albany, GA 31707

3 beds • 2 baths • 1609 sqft

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This property looks like a bad Mid-Term investment with a projected -0.84% first-year return on $64,494 initial cash invested.

-0.84%

Cash On Cash

6.68%

Cap Rate

1.04

DSCR

$2,396

Rent

-$45

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,396 income − $2,441 expenses = $45 out of pocket

Income$2,396Out of Pocket$45Mortgage P&I$1,18149%Property Taxes$36515%Insurance$793%Management$28812%CapEx$964%Vacancy$723%Maintenance$964%Other$26411%

Investment Breakdown

|

Purchase Price

$221k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,494

Downpayment

20%

$44,280

Closing costs

1%

$2,214

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,396

Total Expenses

$2,441

Mortgage P&I

49%

$1,181

Property Taxes

15%

$365

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$288

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$264

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