REI Lense

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$2,906 (target)

717 Thomasville Rd, Florence, MS 39073

3 beds • 3 baths • 2800 sqft

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This property looks like a bad Long-Term investment with a projected -11.48% first-year return on $113k initial cash invested.

-11.48%

Cash On Cash

4.18%

Cap Rate

0.67

DSCR

$2,906

Rent

-$1,081

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,906 income − $3,987 expenses = $1,081 out of pocket

Income$2,906Out of Pocket$1,081Mortgage P&I$2,81097%Property Taxes$2268%Insurance$1967%Management$29110%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

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Purchase Price

$538k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$108k

Closing costs

1%

$5,383

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,906

Total Expenses

$3,987

Mortgage P&I

97%

$2,810

Property Taxes

8%

$226

Home Insurance

7%

$196

HOA

0%

$0

Property Management

10%

$291

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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