REI Lense

REI Lense

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$1,419 (target)

718 E 22nd Ave, Cordele, GA 31015

3 beds • 2 baths • 1584 sqft

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This property might be a fair Long-Term investment with a projected 6.27% first-year return on $29,841 initial cash invested.

6.27%

Cash On Cash

8.08%

Cap Rate

1.31

DSCR

$1,419

Rent

$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,419 income − $1,263 expenses = $156 cash flow

Income$1,419Mortgage P&I$73051%Property Taxes$1219%Insurance$433%Management$14210%CapEx$715%Vacancy$856%Maintenance$715%Cash Flow$156

Investment Breakdown

|

Purchase Price

$142k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,841

Downpayment

20%

$28,420

Closing costs

1%

$1,421

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,419

Total Expenses

$1,263

Mortgage P&I

51%

$730

Property Taxes

9%

$121

Home Insurance

3%

$43

HOA

0%

$0

Property Management

10%

$142

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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