REI Lense

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$4,470 (target)

629 My Mountain Rd, Morganton, GA 30560

3 beds • 4 baths • 3072 sqft

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This property looks like a bad Mid-Term investment with a projected -12.87% first-year return on $213k initial cash invested.

-12.87%

Cash On Cash

3.3%

Cap Rate

0.55

DSCR

$4,470

Rent

-$2,288

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,470 income − $6,758 expenses = $2,288 out of pocket

Income$4,470Out of Pocket$2,288Mortgage P&I$4,667104%Property Taxes$2455%Insurance$3267%Management$53612%CapEx$1794%Vacancy$1343%Maintenance$1794%Other$49211%

Investment Breakdown

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Purchase Price

$930k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$213k

Downpayment

20%

$186k

Closing costs

1%

$9,300

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,470

Total Expenses

$6,758

Mortgage P&I

104%

$4,667

Property Taxes

5%

$245

Home Insurance

7%

$326

HOA

0%

$0

Property Management

12%

$536

CapEx

4%

$179

Vacancy

3%

$134

Maintenance

4%

$179

Other

11%

$492

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