REI Lense

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$2,451 (target)

6836 Biddix Evans Rd, Ocean Springs, MS 39564

3 beds • 2 baths • 2010 sqft

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This property looks like a bad Long-Term investment with a projected -1.25% first-year return on $63,315 initial cash invested.

-1.25%

Cash On Cash

6.85%

Cap Rate

1.03

DSCR

$2,451

Rent

-$66

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,451 income − $2,517 expenses = $66 out of pocket

Income$2,451Out of Pocket$66Mortgage P&I$1,66368%Property Taxes$1094%Insurance$1074%Management$24510%CapEx$1235%Vacancy$1476%Maintenance$1235%

Investment Breakdown

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Purchase Price

$302k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,315

Downpayment

20%

$60,300

Closing costs

1%

$3,015

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,451

Total Expenses

$2,517

Mortgage P&I

68%

$1,663

Property Taxes

4%

$109

Home Insurance

4%

$107

HOA

0%

$0

Property Management

10%

$245

CapEx

5%

$123

Vacancy

6%

$147

Maintenance

5%

$123

Other

0%

$0

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