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$2,589 (target)

5 Elk Ct, Picayune, MS 39466

3 beds • 2 baths • 1484 sqft

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This property might be a fair Mid-Term investment with a projected 2.09% first-year return on $73,062 initial cash invested.

2.09%

Cash On Cash

7.32%

Cap Rate

1.17

DSCR

$2,589

Rent

$127

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,589 income − $2,462 expenses = $127 cash flow

Income$2,589Mortgage P&I$1,36953%Property Taxes$1185%Insurance$934%Management$31112%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28511%Cash Flow$127

Investment Breakdown

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Purchase Price

$262k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,062

Downpayment

20%

$52,440

Closing costs

1%

$2,622

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,589

Total Expenses

$2,462

Mortgage P&I

53%

$1,369

Property Taxes

5%

$118

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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