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$2,054 (target)

2710 Simpson Hwy #469, Florence, MS 39073

3 beds • 2 baths • 1452 sqft

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This property looks like a bad Mid-Term investment with a projected -4.65% first-year return on $78,753 initial cash invested.

-4.65%

Cash On Cash

5.33%

Cap Rate

0.85

DSCR

$2,054

Rent

-$305

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,054 income − $2,359 expenses = $305 out of pocket

Income$2,054Out of Pocket$305Mortgage P&I$1,50773%Property Taxes$492%Insurance$1055%Management$24612%CapEx$824%Vacancy$623%Maintenance$824%Other$22611%

Investment Breakdown

|

Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,753

Downpayment

20%

$57,860

Closing costs

1%

$2,893

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,054

Total Expenses

$2,359

Mortgage P&I

73%

$1,507

Property Taxes

2%

$49

Home Insurance

5%

$105

HOA

0%

$0

Property Management

12%

$246

CapEx

4%

$82

Vacancy

3%

$62

Maintenance

4%

$82

Other

11%

$226

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