REI Lense

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$2,805 (target)

3108 Sydney St, Ocean Springs, MS 39564

3 beds • 2 baths • 1503 sqft

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This property might be a fair Mid-Term investment with a projected 2.86% first-year return on $72,600 initial cash invested.

2.86%

Cash On Cash

7.28%

Cap Rate

1.22

DSCR

$2,805

Rent

$173

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,805 income − $2,632 expenses = $173 cash flow

Income$2,805Mortgage P&I$1,29346%Property Taxes$2599%Insurance$913%HOA$351%Management$33712%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30911%Cash Flow$173

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,600

Downpayment

20%

$52,000

Closing costs

1%

$2,600

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,805

Total Expenses

$2,632

Mortgage P&I

46%

$1,293

Property Taxes

9%

$259

Home Insurance

3%

$91

HOA

1%

$35

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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