REI Lense

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$1,638 (target)

823 N Main St, Statesboro, GA 30458

3 beds • 2 baths • 1321 sqft

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This property looks like a bad Long-Term investment with a projected -8.22% first-year return on $49,056 initial cash invested.

-8.22%

Cash On Cash

5.24%

Cap Rate

0.8

DSCR

$1,638

Rent

-$336

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,638 income − $1,974 expenses = $336 out of pocket

Income$1,638Out of Pocket$336Mortgage P&I$1,27578%Property Taxes$18912%Insurance$845%Management$16410%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,056

Downpayment

20%

$46,720

Closing costs

1%

$2,336

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,638

Total Expenses

$1,974

Mortgage P&I

78%

$1,275

Property Taxes

12%

$189

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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