REI Lense

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$2,640 (target)

62 N Lakeshore Dr, Lumberton, MS 39455

3 beds • 3 baths • 1646 sqft

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This property might be a fair Long-Term investment with a projected 2.81% first-year return on $57,750 initial cash invested.

2.81%

Cash On Cash

7.37%

Cap Rate

1.19

DSCR

$2,640

Rent

$135

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,640 income − $2,505 expenses = $135 cash flow

Income$2,640Mortgage P&I$1,42354%Property Taxes$25810%Insurance$964%HOA$422%Management$26410%CapEx$1325%Vacancy$1586%Maintenance$1325%Cash Flow$135

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,640

Total Expenses

$2,505

Mortgage P&I

54%

$1,423

Property Taxes

10%

$258

Home Insurance

4%

$96

HOA

2%

$42

Property Management

10%

$264

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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