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17242 Spring Lake Dr E, Vancleave, MS 39565

3 beds • 2 baths • 2179 sqft

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This property looks like a bad Airbnb investment with a projected -16.66% first-year return on $140k initial cash invested.

-16.66%

Cash On Cash

2.4%

Cap Rate

0.39

DSCR

$3,028

Rent

-$1,947

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,028 income − $4,975 expenses = $1,947 out of pocket

Income$3,028Out of Pocket$1,947Mortgage P&I$2,98999%Property Taxes$33311%Insurance$2007%Management$45415%CapEx$1214%Maintenance$1214%Other$75725%

Investment Breakdown

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Purchase Price

$582k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,819

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,028

Total Expenses

$4,975

Mortgage P&I

99%

$2,989

Property Taxes

11%

$333

Home Insurance

7%

$200

HOA

0%

$0

Property Management

15%

$454

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$757

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