REI Lense

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$2,084 (target)

2228 N 1st Ave, Laurel, MS 39440

3 beds • 2 baths • sqft

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This property might be a fair Mid-Term investment with a projected 9.59% first-year return on $49,668 initial cash invested.

9.59%

Cash On Cash

10.37%

Cap Rate

1.58

DSCR

$2,084

Rent

$397

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,084 income − $1,687 expenses = $397 cash flow

Income$2,084Mortgage P&I$82339%Property Taxes$1025%Insurance$543%Management$25012%CapEx$834%Vacancy$633%Maintenance$834%Other$22911%Cash Flow$397

Investment Breakdown

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Purchase Price

$151k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,668

Downpayment

20%

$30,160

Closing costs

1%

$1,508

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,084

Total Expenses

$1,687

Mortgage P&I

39%

$823

Property Taxes

5%

$102

Home Insurance

3%

$54

HOA

0%

$0

Property Management

12%

$250

CapEx

4%

$83

Vacancy

3%

$63

Maintenance

4%

$83

Other

11%

$229

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