REI Lense

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$4,509 (target)

432 Lower Myrick Rd, Laurel, MS 39443

3 beds • 3 baths • 2699 sqft

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This property might be a fair Mid-Term investment with a projected 8.48% first-year return on $98,031 initial cash invested.

8.48%

Cash On Cash

8.72%

Cap Rate

1.46

DSCR

$4,509

Rent

$693

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,509 income − $3,816 expenses = $693 cash flow

Income$4,509Mortgage P&I$1,89542%Property Taxes$2496%Insurance$1403%Management$54112%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49611%Cash Flow$693

Investment Breakdown

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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

$4,509

Total Expenses

$3,816

Mortgage P&I

42%

$1,895

Property Taxes

6%

$249

Home Insurance

3%

$140

HOA

0%

$0

Property Management

12%

$541

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$496

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