REI Lense

REI Lense

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$1,359 (target)

147 Main St, Tupelo, MS 38801

3 beds • 2 baths • 1644 sqft

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This property might be a fair Long-Term investment with a projected 2.06% first-year return on $31,500 initial cash invested.

2.06%

Cash On Cash

7.61%

Cap Rate

1.15

DSCR

$1,359

Rent

$54

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,359 income − $1,305 expenses = $54 cash flow

Income$1,359Mortgage P&I$82961%Property Taxes$705%Insurance$524%Management$13610%CapEx$685%Vacancy$826%Maintenance$685%Cash Flow$54

Investment Breakdown

|

Purchase Price

$150k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,500

Downpayment

20%

$30,000

Closing costs

1%

$1,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,359

Total Expenses

$1,305

Mortgage P&I

61%

$829

Property Taxes

5%

$70

Home Insurance

4%

$52

HOA

0%

$0

Property Management

10%

$136

CapEx

5%

$68

Vacancy

6%

$82

Maintenance

5%

$68

Other

0%

$0

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