REI Lense

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$3,213 (target)

2412 Old Bay Rd, Biloxi, MS 39531

3 beds • 2 baths • 1850 sqft

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This property might be a fair Mid-Term investment with a projected 1.86% first-year return on $85,221 initial cash invested.

1.86%

Cash On Cash

7.23%

Cap Rate

1.16

DSCR

$3,213

Rent

$132

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,213 income − $3,081 expenses = $132 cash flow

Income$3,213Mortgage P&I$1,66852%Property Taxes$1926%Insurance$1154%HOA$13Management$38612%CapEx$1294%Vacancy$963%Maintenance$1294%Other$35311%Cash Flow$132

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,221

Downpayment

20%

$64,020

Closing costs

1%

$3,201

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,213

Total Expenses

$3,081

Mortgage P&I

52%

$1,668

Property Taxes

6%

$192

Home Insurance

4%

$115

HOA

0%

$13

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$96

Maintenance

4%

$129

Other

11%

$353

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