REI Lense

REI Lense

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$2,842 (target)

110 Covey Run, Madison, MS 39110

3 beds • 3 baths • 2364 sqft

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This property looks like a bad Long-Term investment with a projected -5.94% first-year return on $86,730 initial cash invested.

-5.94%

Cash On Cash

5.26%

Cap Rate

0.86

DSCR

$2,842

Rent

-$429

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$413k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,730

Downpayment

20%

$82,600

Closing costs

1%

$4,130

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,842

Total Expenses

$3,271

Mortgage P&I

74%

$2,098

Property Taxes

7%

$189

Home Insurance

5%

$149

HOA

3%

$96

Property Management

10%

$284

CapEx

5%

$142

Vacancy

6%

$171

Maintenance

5%

$142

Other

0%

$0

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