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$2,946 (target)

5506 Highway 81 S, Covington, GA 30016

3 beds • 2 baths • 1472 sqft

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This property might be a fair Mid-Term investment with a projected 4.25% first-year return on $83,058 initial cash invested.

4.25%

Cash On Cash

7.55%

Cap Rate

1.27

DSCR

$2,946

Rent

$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,946 income − $2,652 expenses = $294 cash flow

Income$2,946Mortgage P&I$1,53752%Property Taxes$4Insurance$1094%Management$35412%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%Cash Flow$294

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,058

Downpayment

20%

$61,960

Closing costs

1%

$3,098

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,946

Total Expenses

$2,652

Mortgage P&I

52%

$1,537

Property Taxes

0%

$4

Home Insurance

4%

$109

HOA

0%

$0

Property Management

12%

$354

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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