REI Lense

REI Lense

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$2,290 (target)

550 Spring Lake Dr, Pearl, MS 39208

3 beds • 2 baths • 1947 sqft

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This property looks like a bad Long-Term investment with a projected -5.52% first-year return on $61,950 initial cash invested.

-5.52%

Cash On Cash

5.47%

Cap Rate

0.89

DSCR

$2,290

Rent

-$285

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,290 income − $2,575 expenses = $285 out of pocket

Income$2,290Out of Pocket$285Mortgage P&I$1,51566%Property Taxes$33815%Insurance$1034%HOA$251%Management$22910%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,290

Total Expenses

$2,575

Mortgage P&I

66%

$1,515

Property Taxes

15%

$338

Home Insurance

5%

$103

HOA

1%

$25

Property Management

10%

$229

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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