REI Lense

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$3,264 (target)

197 Lorman Ln, Madison, MS 39110

3 beds • 2 baths • 1954 sqft

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This property looks like a bad Mid-Term investment with a projected -6.73% first-year return on $111k initial cash invested.

-6.73%

Cash On Cash

4.88%

Cap Rate

0.79

DSCR

$3,264

Rent

-$621

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,264 income − $3,885 expenses = $621 out of pocket

Income$3,264Out of Pocket$621Mortgage P&I$2,28670%Property Taxes$2648%Insurance$1615%HOA$632%Management$39212%CapEx$1314%Vacancy$983%Maintenance$1314%Other$35911%

Investment Breakdown

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Purchase Price

$442k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,300

Closing costs

1%

$4,415

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,264

Total Expenses

$3,885

Mortgage P&I

70%

$2,286

Property Taxes

8%

$264

Home Insurance

5%

$161

HOA

2%

$63

Property Management

12%

$392

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$359

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