REI Lense

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$2,379 (target)

7274 Durango Dr, Horn Lake, MS 38637

3 beds • 2 baths • 1345 sqft

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This property might be a fair Mid-Term investment with a projected 3.01% first-year return on $70,563 initial cash invested.

3.01%

Cash On Cash

7.56%

Cap Rate

1.21

DSCR

$2,379

Rent

$177

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,379 income − $2,202 expenses = $177 cash flow

Income$2,379Mortgage P&I$1,30455%Property Taxes$1Insurance$894%Management$28512%CapEx$954%Vacancy$713%Maintenance$954%Other$26211%Cash Flow$177

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,563

Downpayment

20%

$50,060

Closing costs

1%

$2,503

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,379

Total Expenses

$2,202

Mortgage P&I

55%

$1,304

Property Taxes

0%

$1

Home Insurance

4%

$89

HOA

0%

$0

Property Management

12%

$285

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$262

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