REI Lense

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$2,276 (target)

3034 Lake Terrace Dr, Corinth, MS 38834

3 beds • 2 baths • 2218 sqft

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This property looks like a bad Mid-Term investment with a projected -1.74% first-year return on $78,543 initial cash invested.

-1.74%

Cash On Cash

6.02%

Cap Rate

0.98

DSCR

$2,276

Rent

-$114

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,276 income − $2,390 expenses = $114 out of pocket

Income$2,276Out of Pocket$114Mortgage P&I$1,47065%Property Taxes$422%Insurance$1055%Management$27312%CapEx$914%Vacancy$683%Maintenance$914%Other$25011%

Investment Breakdown

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Purchase Price

$288k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,543

Downpayment

20%

$57,660

Closing costs

1%

$2,883

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,276

Total Expenses

$2,390

Mortgage P&I

65%

$1,470

Property Taxes

2%

$42

Home Insurance

5%

$105

HOA

0%

$0

Property Management

12%

$273

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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