REI Lense

REI Lense

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$1,693 (target)

13011 Michael St, Biloxi, MS 39532

3 beds • 2 baths • 1450 sqft

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This property looks like a bad Long-Term investment with a projected -7.14% first-year return on $58,800 initial cash invested.

-7.14%

Cash On Cash

5.06%

Cap Rate

0.82

DSCR

$1,693

Rent

-$350

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,693 income − $2,043 expenses = $350 out of pocket

Income$1,693Out of Pocket$350Mortgage P&I$1,44685%Property Taxes$583%Insurance$986%Management$16910%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,693

Total Expenses

$2,043

Mortgage P&I

85%

$1,446

Property Taxes

3%

$58

Home Insurance

6%

$98

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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