REI Lense

REI Lense

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$1,294 (target)

1702 W Borroum Cir, Corinth, MS 38834

3 beds • 3 baths • 2397 sqft

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This property looks like a bad Long-Term investment with a projected -8.66% first-year return on $47,250 initial cash invested.

-8.66%

Cash On Cash

4.83%

Cap Rate

0.77

DSCR

$1,294

Rent

-$341

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,294 income − $1,635 expenses = $341 out of pocket

Income$1,294Out of Pocket$341Mortgage P&I$1,18291%Property Taxes$373%Insurance$796%Management$12910%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,294

Total Expenses

$1,635

Mortgage P&I

91%

$1,182

Property Taxes

3%

$37

Home Insurance

6%

$79

HOA

0%

$0

Property Management

10%

$129

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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