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432 Lower Myrick Rd, Laurel, MS 39443

3 beds • 3 baths • 2699 sqft

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This property looks like a bad Airbnb investment with a projected -17.33% first-year return on $98,031 initial cash invested.

-17.33%

Cash On Cash

1.72%

Cap Rate

0.29

DSCR

$1,670

Rent

-$1,416

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,670 income − $3,086 expenses = $1,416 out of pocket

Income$1,670Out of Pocket$1,416Mortgage P&I$1,895113%Property Taxes$24915%Insurance$1408%Management$25015%CapEx$674%Maintenance$674%Other$41825%

Investment Breakdown

|

Purchase Price

$381k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,031

Downpayment

20%

$76,220

Closing costs

1%

$3,811

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,670

Total Expenses

$3,086

Mortgage P&I

113%

$1,895

Property Taxes

15%

$249

Home Insurance

8%

$140

HOA

0%

$0

Property Management

15%

$250

CapEx

4%

$67

Vacancy

0%

$0

Maintenance

4%

$67

Other

25%

$418

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