REI Lense

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$3,417 (target)

5143 Floyd St NE, Covington, GA 30014

3 beds • 2 baths • 2109 sqft

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This property looks like a bad Mid-Term investment with a projected -2.77% first-year return on $113k initial cash invested.

-2.77%

Cash On Cash

5.63%

Cap Rate

0.94

DSCR

$3,417

Rent

-$261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,417 income − $3,678 expenses = $261 out of pocket

Income$3,417Out of Pocket$261Mortgage P&I$2,24766%Property Taxes$1053%Insurance$1635%Management$41012%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37611%

Investment Breakdown

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Purchase Price

$453k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,560

Closing costs

1%

$4,528

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,417

Total Expenses

$3,678

Mortgage P&I

66%

$2,247

Property Taxes

3%

$105

Home Insurance

5%

$163

HOA

0%

$0

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$376

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