REI Lense

REI Lense

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$2,278 (target)

5143 Floyd St NE, Covington, GA 30014

3 beds • 2 baths • 2109 sqft

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This property looks like a bad Long-Term investment with a projected -10.47% first-year return on $95,088 initial cash invested.

-10.47%

Cash On Cash

4.06%

Cap Rate

0.68

DSCR

$2,278

Rent

-$830

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,278 income − $3,108 expenses = $830 out of pocket

Income$2,278Out of Pocket$830Mortgage P&I$2,24799%Property Taxes$1055%Insurance$1637%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$453k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,088

Downpayment

20%

$90,560

Closing costs

1%

$4,528

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,278

Total Expenses

$3,108

Mortgage P&I

99%

$2,247

Property Taxes

5%

$105

Home Insurance

7%

$163

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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