REI Lense

REI Lense

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$2,502 (target)

200 E 2nd St, Long Beach, MS 39560

3 beds • 2 baths • 1945 sqft

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This property looks like a bad Mid-Term investment with a projected -6.01% first-year return on $97,002 initial cash invested.

-6.01%

Cash On Cash

4.84%

Cap Rate

0.8

DSCR

$2,502

Rent

-$486

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,502 income − $2,988 expenses = $486 out of pocket

Income$2,502Out of Pocket$486Mortgage P&I$1,90276%Property Taxes$984%Insurance$1386%Management$30012%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27511%

Investment Breakdown

|

Purchase Price

$376k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,002

Downpayment

20%

$75,240

Closing costs

1%

$3,762

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,502

Total Expenses

$2,988

Mortgage P&I

76%

$1,902

Property Taxes

4%

$98

Home Insurance

6%

$138

HOA

0%

$0

Property Management

12%

$300

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$275

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