REI Lense

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$2,968 (target)

243 Bayview Dr, Madison, MS 39110

3 beds • 3 baths • 2519 sqft

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This property might be a fair Long-Term investment with a projected 0.91% first-year return on $71,190 initial cash invested.

0.91%

Cash On Cash

6.94%

Cap Rate

1.11

DSCR

$2,968

Rent

$54

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,968 income − $2,914 expenses = $54 cash flow

Income$2,968Mortgage P&I$1,75959%Property Taxes$1856%Insurance$1194%HOA$803%Management$29710%CapEx$1485%Vacancy$1786%Maintenance$1485%Cash Flow$54

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,190

Downpayment

20%

$67,800

Closing costs

1%

$3,390

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,968

Total Expenses

$2,914

Mortgage P&I

59%

$1,759

Property Taxes

6%

$185

Home Insurance

4%

$119

HOA

3%

$80

Property Management

10%

$297

CapEx

5%

$148

Vacancy

6%

$178

Maintenance

5%

$148

Other

0%

$0

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