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$2,690 (target)

1008 Leigh St, Long Beach, MS 39560

3 beds • 2 baths • 1501 sqft

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This property might be a fair Mid-Term investment with a projected 5.46% first-year return on $65,250 initial cash invested.

5.46%

Cash On Cash

8.65%

Cap Rate

1.33

DSCR

$2,690

Rent

$297

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,690 income − $2,393 expenses = $297 cash flow

Income$2,690Mortgage P&I$1,21645%Property Taxes$1827%Insurance$793%Management$32312%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29611%Cash Flow$297

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,690

Total Expenses

$2,393

Mortgage P&I

45%

$1,216

Property Taxes

7%

$182

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$323

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$296

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