REI Lense

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$1,946 (target)

507 Ridgeway Dr, Brandon, MS 39047

3 beds • 2 baths • 1233 sqft

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This property might be a fair Long-Term investment with a projected 4.38% first-year return on $44,919 initial cash invested.

4.38%

Cash On Cash

8.01%

Cap Rate

1.22

DSCR

$1,946

Rent

$164

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,946 income − $1,782 expenses = $164 cash flow

Income$1,946Mortgage P&I$1,16760%Property Taxes$322%Insurance$774%Management$19510%CapEx$975%Vacancy$1176%Maintenance$975%Cash Flow$164

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,919

Downpayment

20%

$42,780

Closing costs

1%

$2,139

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,946

Total Expenses

$1,782

Mortgage P&I

60%

$1,167

Property Taxes

2%

$32

Home Insurance

4%

$77

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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