REI Lense

REI Lense

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$2,189 (target)

15116 Clear Springs Dr, Biloxi, MS 39532

3 beds • 2 baths • 2109 sqft

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This property looks like a bad Long-Term investment with a projected -2.8% first-year return on $67,179 initial cash invested.

-2.8%

Cash On Cash

5.78%

Cap Rate

0.97

DSCR

$2,189

Rent

-$157

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,189 income − $2,346 expenses = $157 out of pocket

Income$2,189Out of Pocket$157Mortgage P&I$1,59073%Property Taxes$723%Insurance$1165%Management$21910%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,189

Total Expenses

$2,346

Mortgage P&I

73%

$1,590

Property Taxes

3%

$72

Home Insurance

5%

$116

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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