REI Lense

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$1,726 (target)

5 Elk Ct, Picayune, MS 39466

3 beds • 2 baths • 1484 sqft

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This property looks like a bad Long-Term investment with a projected -6.6% first-year return on $55,062 initial cash invested.

-6.6%

Cash On Cash

5.27%

Cap Rate

0.84

DSCR

$1,726

Rent

-$303

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,726 income − $2,029 expenses = $303 out of pocket

Income$1,726Out of Pocket$303Mortgage P&I$1,36979%Property Taxes$1187%Insurance$935%Management$17310%CapEx$865%Vacancy$1046%Maintenance$865%

Investment Breakdown

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Purchase Price

$262k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,062

Downpayment

20%

$52,440

Closing costs

1%

$2,622

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,726

Total Expenses

$2,029

Mortgage P&I

79%

$1,369

Property Taxes

7%

$118

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$86

Vacancy

6%

$104

Maintenance

5%

$86

Other

0%

$0

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