REI Lense

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$1,256 (target)

111 E Melody Ln, Corinth, MS 38834

3 beds • 2 baths • 1248 sqft

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This property could be a profitable Long-Term investment with a projected 11.81% first-year return on $24,990 initial cash invested.

11.81%

Cash On Cash

9.24%

Cap Rate

1.51

DSCR

$1,256

Rent

$246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,256 income − $1,010 expenses = $246 cash flow

Income$1,256Mortgage P&I$60748%Property Taxes$343%Insurance$423%Management$12610%CapEx$635%Vacancy$756%Maintenance$635%Cash Flow$246

Investment Breakdown

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Purchase Price

$119k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$24,990

Downpayment

20%

$23,800

Closing costs

1%

$1,190

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,256

Total Expenses

$1,010

Mortgage P&I

48%

$607

Property Taxes

3%

$34

Home Insurance

3%

$42

HOA

0%

$0

Property Management

10%

$126

CapEx

5%

$63

Vacancy

6%

$75

Maintenance

5%

$63

Other

0%

$0

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