REI Lense

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$1,598 (target)

2802 Scenic Lake Dr, Corinth, MS 38834

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Long-Term investment with a projected -12.12% first-year return on $60,879 initial cash invested.

-12.12%

Cash On Cash

4.28%

Cap Rate

0.66

DSCR

$1,598

Rent

-$615

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,598 income − $2,213 expenses = $615 out of pocket

Income$1,598Out of Pocket$615Mortgage P&I$1,56998%Property Taxes$1268%Insurance$1026%Management$16010%CapEx$805%Vacancy$966%Maintenance$805%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,598

Total Expenses

$2,213

Mortgage P&I

98%

$1,569

Property Taxes

8%

$126

Home Insurance

6%

$102

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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