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701 6th Ave N, Columbus, MS 39701

3 beds • 2 baths • 1670 sqft

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This property might be a fair Long-Term investment with a projected 6.81% first-year return on $33,474 initial cash invested.

6.81%

Cash On Cash

8.42%

Cap Rate

1.32

DSCR

$1,600

Rent

$190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$159k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,474

Downpayment

20%

$31,880

Closing costs

1%

$1,594

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,600

Total Expenses

$1,410

Mortgage P&I

53%

$848

Property Taxes

6%

$88

Home Insurance

4%

$58

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

1115 7th St N, Columbus, MS 39701

$1,650

3

2

1800

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3

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2

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3

2

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2.4 mi

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4

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1.3 mi

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2

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0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

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2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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