REI Lense

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$3,513 (target)

136 Prescott Rdg, Madison, MS 39110

3 beds • 2 baths • 1639 sqft

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This property might be a fair Mid-Term investment with a projected 6.35% first-year return on $82,239 initial cash invested.

6.35%

Cash On Cash

8.35%

Cap Rate

1.37

DSCR

$3,513

Rent

$435

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,513 income − $3,078 expenses = $435 cash flow

Income$3,513Mortgage P&I$1,55344%Property Taxes$1193%Insurance$1073%HOA$1043%Management$42212%CapEx$1414%Vacancy$1053%Maintenance$1414%Other$38611%Cash Flow$435

Investment Breakdown

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Purchase Price

$306k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,239

Downpayment

20%

$61,180

Closing costs

1%

$3,059

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,513

Total Expenses

$3,078

Mortgage P&I

44%

$1,553

Property Taxes

3%

$119

Home Insurance

3%

$107

HOA

3%

$104

Property Management

12%

$422

CapEx

4%

$141

Vacancy

3%

$105

Maintenance

4%

$141

Other

11%

$386

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