REI Lense

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$1,721 (target)

691 Millay Ct, Stone Mountain, GA 30088

3 beds • 2 baths • 1485 sqft

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This property looks like a bad Long-Term investment with a projected -11.22% first-year return on $54,327 initial cash invested.

-11.22%

Cash On Cash

4.16%

Cap Rate

0.68

DSCR

$1,721

Rent

-$508

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,721 income − $2,229 expenses = $508 out of pocket

Income$1,721Out of Pocket$508Mortgage P&I$1,31877%Property Taxes$37322%Insurance$915%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,327

Downpayment

20%

$51,740

Closing costs

1%

$2,587

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,721

Total Expenses

$2,229

Mortgage P&I

77%

$1,318

Property Taxes

22%

$373

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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