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16 Spring Road Ext, Laurel, MS 39443

3 beds • 3 baths • 2400 sqft

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This property might be a fair Mid-Term investment with a projected 1.73% first-year return on $84,150 initial cash invested.

1.73%

Cash On Cash

6.7%

Cap Rate

1.15

DSCR

$2,836

Rent

$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,836

Total Expenses

$2,715

Mortgage P&I

54%

$1,524

Property Taxes

4%

$118

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$312

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