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724 W 15th St, Laurel, MS 39440

3 beds • 3 baths • 2090 sqft

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This property looks like a bad Airbnb investment with a projected -11.68% first-year return on $98,199 initial cash invested.

-11.68%

Cash On Cash

3.53%

Cap Rate

0.57

DSCR

$2,958

Rent

-$956

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,958 income − $3,914 expenses = $956 out of pocket

Income$2,958Out of Pocket$956Mortgage P&I$1,96266%Property Taxes$39213%Insurance$1405%Management$44415%CapEx$1184%Maintenance$1184%Other$74025%

Investment Breakdown

|

Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,199

Downpayment

20%

$76,380

Closing costs

1%

$3,819

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,958

Total Expenses

$3,914

Mortgage P&I

66%

$1,962

Property Taxes

13%

$392

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$444

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$740

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