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$2,582 (target)

691 Millay Ct, Stone Mountain, GA 30088

3 beds • 2 baths • 1485 sqft

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This property looks like a bad Mid-Term investment with a projected -1.28% first-year return on $72,327 initial cash invested.

-1.28%

Cash On Cash

6.23%

Cap Rate

1.02

DSCR

$2,582

Rent

-$77

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,582 income − $2,659 expenses = $77 out of pocket

Income$2,582Out of Pocket$77Mortgage P&I$1,31851%Property Taxes$37314%Insurance$914%Management$31012%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28411%

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,327

Downpayment

20%

$51,740

Closing costs

1%

$2,587

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,582

Total Expenses

$2,659

Mortgage P&I

51%

$1,318

Property Taxes

14%

$373

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$310

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$284

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