REI Lense

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$3,380 (target)

718 Melton Dr, Jonesboro, AR 72401

3 beds • 3 baths • 2069 sqft

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This property might be a fair Mid-Term investment with a projected 4.97% first-year return on $89,505 initial cash invested.

4.97%

Cash On Cash

7.87%

Cap Rate

1.29

DSCR

$3,380

Rent

$371

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,380 income − $3,009 expenses = $371 cash flow

Income$3,380Mortgage P&I$1,72851%Property Taxes$381%Insurance$943%Management$40612%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37211%Cash Flow$371

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,505

Downpayment

20%

$68,100

Closing costs

1%

$3,405

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,380

Total Expenses

$3,009

Mortgage P&I

51%

$1,728

Property Taxes

1%

$38

Home Insurance

3%

$94

HOA

0%

$0

Property Management

12%

$406

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$372

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