REI Lense

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$2,614 (target)

23415 Indian Ridge Rd, Picayune, MS 39466

3 beds • 2 baths • 1868 sqft

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This property might be a fair Mid-Term investment with a projected 3.56% first-year return on $67,077 initial cash invested.

3.56%

Cash On Cash

8.03%

Cap Rate

1.24

DSCR

$2,614

Rent

$199

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,614 income − $2,415 expenses = $199 cash flow

Income$2,614Mortgage P&I$1,26048%Property Taxes$1817%Insurance$843%Management$31412%CapEx$1054%Vacancy$783%Maintenance$1054%Other$28811%Cash Flow$199

Investment Breakdown

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Purchase Price

$234k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,077

Downpayment

20%

$46,740

Closing costs

1%

$2,337

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,614

Total Expenses

$2,415

Mortgage P&I

48%

$1,260

Property Taxes

7%

$181

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$314

CapEx

4%

$105

Vacancy

3%

$78

Maintenance

4%

$105

Other

11%

$288

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