REI Lense

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$2,706 (target)

1350 Spivey Rd, Columbus, MS 39705

3 beds • 2 baths • 1736 sqft

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This property might be a fair Mid-Term investment with a projected 7.24% first-year return on $66,153 initial cash invested.

7.24%

Cash On Cash

9.15%

Cap Rate

1.41

DSCR

$2,706

Rent

$399

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,706 income − $2,307 expenses = $399 cash flow

Income$2,706Mortgage P&I$1,24146%Property Taxes$602%Insurance$863%Management$32512%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29811%Cash Flow$399

Investment Breakdown

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Purchase Price

$229k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,153

Downpayment

20%

$45,860

Closing costs

1%

$2,293

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,706

Total Expenses

$2,307

Mortgage P&I

46%

$1,241

Property Taxes

2%

$60

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$325

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$298

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