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622 W 21st St, Laurel, MS 39440

3 beds • 2 baths • 1876 sqft

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This property looks like a bad Airbnb investment with a projected -6.77% first-year return on $76,800 initial cash invested.

-6.77%

Cash On Cash

4.76%

Cap Rate

0.77

DSCR

$2,621

Rent

-$433

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,621 income − $3,054 expenses = $433 out of pocket

Income$2,621Out of Pocket$433Mortgage P&I$1,43955%Property Taxes$25910%Insurance$984%Management$39315%CapEx$1054%Maintenance$1054%Other$65525%

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

$2,621

Total Expenses

$3,054

Mortgage P&I

55%

$1,439

Property Taxes

10%

$259

Home Insurance

4%

$98

HOA

0%

$0

Property Management

15%

$393

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$655

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