REI Lense

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$2,420 (target)

2140 N 7th Ave, Laurel, MS 39440

3 beds • 2 baths • 1808 sqft

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This property might be a fair Mid-Term investment with a projected 1.84% first-year return on $69,933 initial cash invested.

1.84%

Cash On Cash

7.47%

Cap Rate

1.15

DSCR

$2,420

Rent

$107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,420 income − $2,313 expenses = $107 cash flow

Income$2,420Mortgage P&I$1,33655%Property Taxes$663%Insurance$884%Management$29012%CapEx$974%Vacancy$733%Maintenance$974%Other$26611%Cash Flow$107

Investment Breakdown

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Purchase Price

$247k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,933

Downpayment

20%

$49,460

Closing costs

1%

$2,473

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,420

Total Expenses

$2,313

Mortgage P&I

55%

$1,336

Property Taxes

3%

$66

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$290

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$266

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