REI Lense

REI Lense

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$1,809 (target)

23 Ridge Crest Dr, Picayune, MS 39466

3 beds • 2 baths • 1404 sqft

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This property looks like a bad Long-Term investment with a projected -4.63% first-year return on $57,246 initial cash invested.

-4.63%

Cash On Cash

5.69%

Cap Rate

0.91

DSCR

$1,809

Rent

-$221

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,809 income − $2,030 expenses = $221 out of pocket

Income$1,809Out of Pocket$221Mortgage P&I$1,42379%Property Taxes$392%Insurance$985%Management$18110%CapEx$905%Vacancy$1096%Maintenance$905%

Investment Breakdown

|

Purchase Price

$273k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,246

Downpayment

20%

$54,520

Closing costs

1%

$2,726

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,809

Total Expenses

$2,030

Mortgage P&I

79%

$1,423

Property Taxes

2%

$39

Home Insurance

5%

$98

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$90

Vacancy

6%

$109

Maintenance

5%

$90

Other

0%

$0

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