REI Lense

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$2,792 (target)

624 Lexington Dr, Florence, MS 39073

3 beds • 2 baths • 1498 sqft

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This property might be a fair Mid-Term investment with a projected 4.34% first-year return on $69,429 initial cash invested.

4.34%

Cash On Cash

8.33%

Cap Rate

1.27

DSCR

$2,792

Rent

$251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,792 income − $2,541 expenses = $251 cash flow

Income$2,792Mortgage P&I$1,33748%Property Taxes$1686%Insurance$863%Management$33512%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30711%Cash Flow$251

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,429

Downpayment

20%

$48,980

Closing costs

1%

$2,449

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,792

Total Expenses

$2,541

Mortgage P&I

48%

$1,337

Property Taxes

6%

$168

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$335

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$307

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