REI Lense

REI Lense

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$2,414 (target)

9674 Old Highway 76, Morganton, GA 30560

3 beds • 2 baths • 1581 sqft

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This property might be a fair Long-Term investment with a projected 3.78% first-year return on $61,215 initial cash invested.

3.78%

Cash On Cash

7.08%

Cap Rate

1.22

DSCR

$2,414

Rent

$193

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,414 income − $2,221 expenses = $193 cash flow

Income$2,414Mortgage P&I$1,40658%Property Taxes$823%Insurance$1054%Management$24110%CapEx$1215%Vacancy$1456%Maintenance$1215%Cash Flow$193

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,215

Downpayment

20%

$58,300

Closing costs

1%

$2,915

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,414

Total Expenses

$2,221

Mortgage P&I

58%

$1,406

Property Taxes

3%

$82

Home Insurance

4%

$105

HOA

0%

$0

Property Management

10%

$241

CapEx

5%

$121

Vacancy

6%

$145

Maintenance

5%

$121

Other

0%

$0

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