REI Lense

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$2,397 (target)

2802 Scenic Lake Dr, Corinth, MS 38834

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Mid-Term investment with a projected -3.29% first-year return on $78,879 initial cash invested.

-3.29%

Cash On Cash

6%

Cap Rate

0.92

DSCR

$2,397

Rent

-$216

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,397 income − $2,613 expenses = $216 out of pocket

Income$2,397Out of Pocket$216Mortgage P&I$1,56965%Property Taxes$1265%Insurance$1024%Management$28812%CapEx$964%Vacancy$723%Maintenance$964%Other$26411%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,397

Total Expenses

$2,613

Mortgage P&I

65%

$1,569

Property Taxes

5%

$126

Home Insurance

4%

$102

HOA

0%

$0

Property Management

12%

$288

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$264

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