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$2,889 (target)

202 40th Pl, Hattiesburg, MS 39402

3 beds • 2 baths • 2765 sqft

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This property looks like a bad Mid-Term investment with a projected -14.1% first-year return on $144k initial cash invested.

-14.1%

Cash On Cash

2.94%

Cap Rate

0.48

DSCR

$2,889

Rent

-$1,689

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,889 income − $4,578 expenses = $1,689 out of pocket

Income$2,889Out of Pocket$1,689Mortgage P&I$3,041105%Property Taxes$28310%Insurance$2107%HOA$602%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%

Investment Breakdown

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Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,990

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,889

Total Expenses

$4,578

Mortgage P&I

105%

$3,041

Property Taxes

10%

$283

Home Insurance

7%

$210

HOA

2%

$60

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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