REI Lense

REI Lense

$3,632 (target)

29 County Road 178, Iuka, MS 38852

3 beds • 3 baths • 1728 sqft

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This property could be a profitable Mid-Term investment with a projected 12.17% first-year return on $75,540 initial cash invested.

12.17%

Cash On Cash

10.48%

Cap Rate

1.61

DSCR

$3,632

Rent

$766

Cashflow

Cash Flow

$3,632 income − $2,866 expenses = $766 cash flow

Income$3,632P&I$1,48341%Taxes$521%Insurance$963%Mgmt$43612%CapEx$1454%Vacancy$1093%Maint.$1454%Other$40011%Cash Flow$766

Investment Breakdown

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Purchase Price

$274k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,540

Downpayment

20%

$54,800

Closing costs

1%

$2,740

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,632

Total Expenses

$2,866

Mortgage P&I

41%

$1,483

Property Taxes

1%

$52

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$436

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$400

See Iuka, MS mid-term rental market →

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