REI Lense

REI Lense

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$2,294 (target)

2215 Greencliff Dr, Southaven, MS 38672

3 beds • 2 baths • 2213 sqft

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This property looks like a bad Long-Term investment with a projected -4.63% first-year return on $67,179 initial cash invested.

-4.63%

Cash On Cash

5.69%

Cap Rate

0.91

DSCR

$2,294

Rent

-$259

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,294 income − $2,553 expenses = $259 out of pocket

Income$2,294Out of Pocket$259Mortgage P&I$1,66072%Property Taxes$1848%Insurance$1125%Management$22910%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,294

Total Expenses

$2,553

Mortgage P&I

72%

$1,660

Property Taxes

8%

$184

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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