REI Lense

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$2,190 (target)

220 Shadow Creek Dr, Florence, MS 39073

3 beds • 2 baths • 1318 sqft

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This property might be a fair Mid-Term investment with a projected 2.24% first-year return on $63,129 initial cash invested.

2.24%

Cash On Cash

7.56%

Cap Rate

1.18

DSCR

$2,190

Rent

$118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,190 income − $2,072 expenses = $118 cash flow

Income$2,190Mortgage P&I$1,14852%Property Taxes$1015%Insurance$774%Management$26312%CapEx$884%Vacancy$663%Maintenance$884%Other$24111%Cash Flow$118

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,129

Downpayment

20%

$42,980

Closing costs

1%

$2,149

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,190

Total Expenses

$2,072

Mortgage P&I

52%

$1,148

Property Taxes

5%

$101

Home Insurance

4%

$77

HOA

0%

$0

Property Management

12%

$263

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$241

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