REI Lense

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$2,260 (target)

3 Mercer Dr, Petal, MS 39465

3 beds • 2 baths • 1340 sqft

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This property looks like a bad Mid-Term investment with a projected -0.94% first-year return on $67,770 initial cash invested.

-0.94%

Cash On Cash

6.73%

Cap Rate

1.03

DSCR

$2,260

Rent

-$53

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,260 income − $2,313 expenses = $53 out of pocket

Income$2,260Out of Pocket$53Mortgage P&I$1,29357%Property Taxes$1708%Insurance$824%Management$27112%CapEx$904%Vacancy$683%Maintenance$904%Other$24911%

Investment Breakdown

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Purchase Price

$237k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,770

Downpayment

20%

$47,400

Closing costs

1%

$2,370

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,260

Total Expenses

$2,313

Mortgage P&I

57%

$1,293

Property Taxes

8%

$170

Home Insurance

4%

$82

HOA

0%

$0

Property Management

12%

$271

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$249

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