REI Lense

REI Lense

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$1,517 (target)

3034 Lake Terrace Dr, Corinth, MS 38834

3 beds • 2 baths • 2218 sqft

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This property looks like a bad Long-Term investment with a projected -9.81% first-year return on $60,543 initial cash invested.

-9.81%

Cash On Cash

4.37%

Cap Rate

0.71

DSCR

$1,517

Rent

-$495

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,517 income − $2,012 expenses = $495 out of pocket

Income$1,517Out of Pocket$495Mortgage P&I$1,47097%Property Taxes$423%Insurance$1057%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$288k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,543

Downpayment

20%

$57,660

Closing costs

1%

$2,883

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,517

Total Expenses

$2,012

Mortgage P&I

97%

$1,470

Property Taxes

3%

$42

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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