REI Lense

REI Lense

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$1,688 (target)

322 Lorraine Ave, Pass Christian, MS 39571

3 beds • 2 baths • 1252 sqft

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This property might be a fair Long-Term investment with a projected 2.05% first-year return on $39,858 initial cash invested.

2.05%

Cash On Cash

7.44%

Cap Rate

1.15

DSCR

$1,688

Rent

$68

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,688 income − $1,620 expenses = $68 cash flow

Income$1,688Mortgage P&I$1,02561%Property Taxes$895%Insurance$684%Management$16910%CapEx$845%Vacancy$1016%Maintenance$845%Cash Flow$68

Investment Breakdown

|

Purchase Price

$190k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,858

Downpayment

20%

$37,960

Closing costs

1%

$1,898

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,688

Total Expenses

$1,620

Mortgage P&I

61%

$1,025

Property Taxes

5%

$89

Home Insurance

4%

$68

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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