REI Lense

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$1,498 (target)

622 W 21st St, Laurel, MS 39440

3 beds • 2 baths • 1876 sqft

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This property looks like a bad Mid-Term investment with a projected -12.62% first-year return on $76,800 initial cash invested.

-12.62%

Cash On Cash

2.96%

Cap Rate

0.48

DSCR

$1,498

Rent

-$808

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,498 income − $2,306 expenses = $808 out of pocket

Income$1,498Out of Pocket$808Mortgage P&I$1,43996%Property Taxes$25917%Insurance$987%Management$18012%CapEx$604%Vacancy$453%Maintenance$604%Other$16511%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,498

Total Expenses

$2,306

Mortgage P&I

96%

$1,439

Property Taxes

17%

$259

Home Insurance

7%

$98

HOA

0%

$0

Property Management

12%

$180

CapEx

4%

$60

Vacancy

3%

$45

Maintenance

4%

$60

Other

11%

$165

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