REI Lense

REI Lense

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$2,277 (target)

602 W Mica Ct, Statesboro, GA 30461

3 beds • 3 baths • 2198 sqft

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This property looks like a bad Long-Term investment with a projected -12.09% first-year return on $77,742 initial cash invested.

-12.09%

Cash On Cash

4.45%

Cap Rate

0.67

DSCR

$2,277

Rent

-$783

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,277 income − $3,060 expenses = $783 out of pocket

Income$2,277Out of Pocket$783Mortgage P&I$2,04290%Property Taxes$29413%Insurance$1316%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,742

Downpayment

20%

$74,040

Closing costs

1%

$3,702

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,277

Total Expenses

$3,060

Mortgage P&I

90%

$2,042

Property Taxes

13%

$294

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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