REI Lense

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$1,671 (target)

3950 Union Ave, Horn Lake, MS 38637

3 beds • 2 baths • 1364 sqft

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This property looks like a bad Long-Term investment with a projected -5.74% first-year return on $48,888 initial cash invested.

-5.74%

Cash On Cash

5.54%

Cap Rate

0.88

DSCR

$1,671

Rent

-$234

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,671 income − $1,905 expenses = $234 out of pocket

Income$1,671Out of Pocket$234Mortgage P&I$1,22473%Property Taxes$16410%Insurance$825%Management$16710%CapEx$845%Vacancy$1006%Maintenance$845%

Investment Breakdown

|

Purchase Price

$233k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,888

Downpayment

20%

$46,560

Closing costs

1%

$2,328

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,671

Total Expenses

$1,905

Mortgage P&I

73%

$1,224

Property Taxes

10%

$164

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$167

CapEx

5%

$84

Vacancy

6%

$100

Maintenance

5%

$84

Other

0%

$0

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