REI Lense

REI Lense

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$1,554 (target)

693 Lakeshore Dr, Cordele, GA 31015

3 beds • 2 baths • 1624 sqft

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This property looks like a bad Long-Term investment with a projected -15.3% first-year return on $70,917 initial cash invested.

-15.3%

Cash On Cash

3.35%

Cap Rate

0.53

DSCR

$1,554

Rent

-$904

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,554 income − $2,458 expenses = $904 out of pocket

Income$1,554Out of Pocket$904Mortgage P&I$1,770114%Property Taxes$16210%Insurance$1228%Management$15510%CapEx$785%Vacancy$936%Maintenance$785%

Investment Breakdown

|

Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,917

Downpayment

20%

$67,540

Closing costs

1%

$3,377

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,554

Total Expenses

$2,458

Mortgage P&I

114%

$1,770

Property Taxes

10%

$162

Home Insurance

8%

$122

HOA

0%

$0

Property Management

10%

$155

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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