REI Lense

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$2,876 (target)

819 Spring Meadows Dr, Ringgold, GA 30736

3 beds • 3 baths • 1837 sqft

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This property looks like a bad Mid-Term investment with a projected -2.85% first-year return on $93,621 initial cash invested.

-2.85%

Cash On Cash

5.66%

Cap Rate

0.94

DSCR

$2,876

Rent

-$222

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,876 income − $3,098 expenses = $222 out of pocket

Income$2,876Out of Pocket$222Mortgage P&I$1,80563%Property Taxes$1866%Insurance$1305%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,621

Downpayment

20%

$72,020

Closing costs

1%

$3,601

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,876

Total Expenses

$3,098

Mortgage P&I

63%

$1,805

Property Taxes

6%

$186

Home Insurance

5%

$130

HOA

0%

$0

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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