REI Lense

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$2,656 (target)

6706 Rue Mornay S, Biloxi, MS 39532

3 beds • 2 baths • 1590 sqft

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This property might be a fair Mid-Term investment with a projected 4.22% first-year return on $67,350 initial cash invested.

4.22%

Cash On Cash

8.29%

Cap Rate

1.27

DSCR

$2,656

Rent

$237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,656 income − $2,419 expenses = $237 cash flow

Income$2,656Mortgage P&I$1,28048%Property Taxes$1546%Insurance$823%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29211%Cash Flow$237

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,656

Total Expenses

$2,419

Mortgage P&I

48%

$1,280

Property Taxes

6%

$154

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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