REI Lense

REI Lense

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$2,142 (target)

2412 Old Bay Rd, Biloxi, MS 39531

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Long-Term investment with a projected -7.19% first-year return on $67,221 initial cash invested.

-7.19%

Cash On Cash

5.14%

Cap Rate

0.82

DSCR

$2,142

Rent

-$403

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,142 income − $2,545 expenses = $403 out of pocket

Income$2,142Out of Pocket$403Mortgage P&I$1,66878%Property Taxes$1929%Insurance$1155%HOA$131%Management$21410%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,221

Downpayment

20%

$64,020

Closing costs

1%

$3,201

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,142

Total Expenses

$2,545

Mortgage P&I

78%

$1,668

Property Taxes

9%

$192

Home Insurance

5%

$115

HOA

1%

$13

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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