REI Lense

REI Lense

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$1,902 (target)

705 Saint Joseph St, Waveland, MS 39576

3 beds • 2 baths • 1769 sqft

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This property might be a fair Long-Term investment with a projected 2.7% first-year return on $44,415 initial cash invested.

2.7%

Cash On Cash

7.53%

Cap Rate

1.17

DSCR

$1,902

Rent

$100

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,902 income − $1,802 expenses = $100 cash flow

Income$1,902Mortgage P&I$1,13260%Property Taxes$965%Insurance$804%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%Cash Flow$100

Investment Breakdown

|

Purchase Price

$212k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,415

Downpayment

20%

$42,300

Closing costs

1%

$2,115

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,902

Total Expenses

$1,802

Mortgage P&I

60%

$1,132

Property Taxes

5%

$96

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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