REI Lense

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$1,743 (target)

23415 Indian Ridge Rd, Picayune, MS 39466

3 beds • 2 baths • 1868 sqft

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This property looks like a bad Long-Term investment with a projected -5.75% first-year return on $49,077 initial cash invested.

-5.75%

Cash On Cash

5.71%

Cap Rate

0.88

DSCR

$1,743

Rent

-$235

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,743 income − $1,978 expenses = $235 out of pocket

Income$1,743Out of Pocket$235Mortgage P&I$1,26072%Property Taxes$18110%Insurance$845%Management$17410%CapEx$875%Vacancy$1056%Maintenance$875%

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,077

Downpayment

20%

$46,740

Closing costs

1%

$2,337

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,743

Total Expenses

$1,978

Mortgage P&I

72%

$1,260

Property Taxes

10%

$181

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$105

Maintenance

5%

$87

Other

0%

$0

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