REI Lense

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$1,614 (target)

55 Valley Ct, Covington, GA 30016

3 beds • 2 baths • 1386 sqft

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This property looks like a bad Long-Term investment with a projected -6.76% first-year return on $46,704 initial cash invested.

-6.76%

Cash On Cash

5.53%

Cap Rate

0.85

DSCR

$1,614

Rent

-$263

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,614 income − $1,877 expenses = $263 out of pocket

Income$1,614Out of Pocket$263Mortgage P&I$1,20675%Property Taxes$17211%Insurance$795%Management$16110%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$222k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,704

Downpayment

20%

$44,480

Closing costs

1%

$2,224

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,614

Total Expenses

$1,877

Mortgage P&I

75%

$1,206

Property Taxes

11%

$172

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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