REI Lense

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$2,180 (target)

3202 Nottingham Rd, Ocean Springs, MS 39564

3 beds • 2 baths • 2020 sqft

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This property might be a fair Long-Term investment with a projected 7.99% first-year return on $45,780 initial cash invested.

7.99%

Cash On Cash

8.91%

Cap Rate

1.34

DSCR

$2,180

Rent

$305

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,180 income − $1,875 expenses = $305 cash flow

Income$2,180Mortgage P&I$1,20555%Property Taxes$271%Insurance$763%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%Cash Flow$305

Investment Breakdown

|

Purchase Price

$218k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,780

Downpayment

20%

$43,600

Closing costs

1%

$2,180

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,180

Total Expenses

$1,875

Mortgage P&I

55%

$1,205

Property Taxes

1%

$27

Home Insurance

3%

$76

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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