REI Lense

REI Lense

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$1,387 (target)

585 Highway 45, Corinth, MS 38834

3 beds • 2 baths • 2400 sqft

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This property looks like a bad Long-Term investment with a projected -6.19% first-year return on $44,226 initial cash invested.

-6.19%

Cash On Cash

5.05%

Cap Rate

0.85

DSCR

$1,387

Rent

-$228

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,387 income − $1,615 expenses = $228 out of pocket

Income$1,387Out of Pocket$228Mortgage P&I$1,04575%Property Taxes$1199%Insurance$917%Management$13910%CapEx$695%Vacancy$836%Maintenance$695%

Investment Breakdown

|

Purchase Price

$211k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,226

Downpayment

20%

$42,120

Closing costs

1%

$2,106

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,387

Total Expenses

$1,615

Mortgage P&I

75%

$1,045

Property Taxes

9%

$119

Home Insurance

7%

$91

HOA

0%

$0

Property Management

10%

$139

CapEx

5%

$69

Vacancy

6%

$83

Maintenance

5%

$69

Other

0%

$0

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