REI Lense

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$2,670 (target)

5960 Southridge Dr, Olive Branch, MS 38654

3 beds • 3 baths • 2104 sqft

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This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $85,179 initial cash invested.

-2.54%

Cash On Cash

5.98%

Cap Rate

0.96

DSCR

$2,670

Rent

-$180

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,670 income − $2,850 expenses = $180 out of pocket

Income$2,670Out of Pocket$180Mortgage P&I$1,66662%Property Taxes$1646%Insurance$1124%Management$32012%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29411%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,670

Total Expenses

$2,850

Mortgage P&I

62%

$1,666

Property Taxes

6%

$164

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$320

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$294

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