REI Lense

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$2,331 (target)

693 Lakeshore Dr, Cordele, GA 31015

3 beds • 2 baths • 1624 sqft

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This property looks like a bad Mid-Term investment with a projected -6.95% first-year return on $88,917 initial cash invested.

-6.95%

Cash On Cash

4.79%

Cap Rate

0.76

DSCR

$2,331

Rent

-$515

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,331 income − $2,846 expenses = $515 out of pocket

Income$2,331Out of Pocket$515Mortgage P&I$1,77076%Property Taxes$1627%Insurance$1225%Management$28012%CapEx$934%Vacancy$703%Maintenance$934%Other$25611%

Investment Breakdown

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Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,917

Downpayment

20%

$67,540

Closing costs

1%

$3,377

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,331

Total Expenses

$2,846

Mortgage P&I

76%

$1,770

Property Taxes

7%

$162

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$280

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$256

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