REI Lense

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$2,511 (target)

2212 Paula Cir, Ocean Springs, MS 39564

3 beds • 2 baths • 1374 sqft

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This property might be a fair Mid-Term investment with a projected 4.39% first-year return on $64,788 initial cash invested.

4.39%

Cash On Cash

8.22%

Cap Rate

1.28

DSCR

$2,511

Rent

$237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,511 income − $2,274 expenses = $237 cash flow

Income$2,511Mortgage P&I$1,19047%Property Taxes$1175%Insurance$803%HOA$351%Management$30112%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27611%Cash Flow$237

Investment Breakdown

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Purchase Price

$223k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,788

Downpayment

20%

$44,560

Closing costs

1%

$2,228

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,511

Total Expenses

$2,274

Mortgage P&I

47%

$1,190

Property Taxes

5%

$117

Home Insurance

3%

$80

HOA

1%

$35

Property Management

12%

$301

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$276

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