REI Lense

REI Lense

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$3,006 (target)

432 Lower Myrick Rd, Laurel, MS 39443

3 beds • 3 baths • 2699 sqft

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This property looks like a bad Long-Term investment with a projected -0.88% first-year return on $80,031 initial cash invested.

-0.88%

Cash On Cash

6.25%

Cap Rate

1.05

DSCR

$3,006

Rent

-$59

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,006 income − $3,065 expenses = $59 out of pocket

Income$3,006Out of Pocket$59Mortgage P&I$1,89563%Property Taxes$2498%Insurance$1405%Management$30110%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

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Purchase Price

$381k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,031

Downpayment

20%

$76,220

Closing costs

1%

$3,811

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,006

Total Expenses

$3,065

Mortgage P&I

63%

$1,895

Property Taxes

8%

$249

Home Insurance

5%

$140

HOA

0%

$0

Property Management

10%

$301

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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