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$1,884 (target)

111 E Melody Ln, Corinth, MS 38834

3 beds • 2 baths • 1248 sqft

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This property could be a profitable Mid-Term investment with a projected 15.66% first-year return on $42,990 initial cash invested.

15.66%

Cash On Cash

12.53%

Cap Rate

2.05

DSCR

$1,884

Rent

$561

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,884 income − $1,323 expenses = $561 cash flow

Income$1,884Mortgage P&I$60732%Property Taxes$342%Insurance$422%Management$22612%CapEx$754%Vacancy$573%Maintenance$754%Other$20711%Cash Flow$561

Investment Breakdown

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Purchase Price

$119k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,990

Downpayment

20%

$23,800

Closing costs

1%

$1,190

Rehab

0%

$0

Furnishing

15%

$18,000

Cashflow

Total Income

$1,884

Total Expenses

$1,323

Mortgage P&I

32%

$607

Property Taxes

2%

$34

Home Insurance

2%

$42

HOA

0%

$0

Property Management

12%

$226

CapEx

4%

$75

Vacancy

3%

$57

Maintenance

4%

$75

Other

11%

$207

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