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$2,920 (target)

658 Cork Ferry Rd, Cordele, GA 31015

3 beds • 3 baths • 3374 sqft

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This property looks like a bad Mid-Term investment with a projected -45.46% first-year return on $171k initial cash invested.

-45.46%

Cash On Cash

-4.7%

Cap Rate

-0.81

DSCR

$2,920

Rent

-$6,466

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,920 income − $9,386 expenses = $6,466 out of pocket

Income$2,920Out of Pocket$6,466Mortgage P&I$3,504120%Property Taxes$4,620158%Insurance$2699%Management$35012%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32111%

Investment Breakdown

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Purchase Price

$727k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$171k

Downpayment

20%

$145k

Closing costs

1%

$7,270

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,920

Total Expenses

$9,386

Mortgage P&I

120%

$3,504

Property Taxes

158%

$4,620

Home Insurance

9%

$269

HOA

0%

$0

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$321

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