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608 Magnolia Ave, Ocean Springs, MS 39564

3 beds • 2 baths • 2230 sqft

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This property looks like a bad Airbnb investment with a projected -15.37% first-year return on $197k initial cash invested.

-15.37%

Cash On Cash

2.64%

Cap Rate

0.44

DSCR

$4,434

Rent

-$2,519

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$851k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$197k

Downpayment

20%

$170k

Closing costs

1%

$8,510

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,434

Total Expenses

$6,953

Mortgage P&I

95%

$4,213

Property Taxes

7%

$315

Home Insurance

7%

$298

HOA

0%

$0

Property Management

15%

$665

CapEx

4%

$177

Vacancy

0%

$0

Maintenance

4%

$177

Other

25%

$1,108

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