REI Lense

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$1,793 (target)

1008 Leigh St, Long Beach, MS 39560

3 beds • 2 baths • 1501 sqft

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This property looks like a bad Long-Term investment with a projected -3.83% first-year return on $47,250 initial cash invested.

-3.83%

Cash On Cash

6.16%

Cap Rate

0.95

DSCR

$1,793

Rent

-$151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,793 income − $1,944 expenses = $151 out of pocket

Income$1,793Out of Pocket$151Mortgage P&I$1,21668%Property Taxes$18210%Insurance$794%Management$17910%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,793

Total Expenses

$1,944

Mortgage P&I

68%

$1,216

Property Taxes

10%

$182

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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