REI Lense

REI Lense

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$1,675 (target)

8 Mar Ree Dr, Laurel, MS 39440

3 beds • 2 baths • 1756 sqft

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This property might be a fair Long-Term investment with a projected 2.53% first-year return on $40,845 initial cash invested.

2.53%

Cash On Cash

7.59%

Cap Rate

1.16

DSCR

$1,675

Rent

$86

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,675 income − $1,589 expenses = $86 cash flow

Income$1,675Mortgage P&I$1,06163%Property Taxes$241%Insurance$684%Management$16810%CapEx$845%Vacancy$1006%Maintenance$845%Cash Flow$86

Investment Breakdown

|

Purchase Price

$195k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,845

Downpayment

20%

$38,900

Closing costs

1%

$1,945

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,675

Total Expenses

$1,589

Mortgage P&I

63%

$1,061

Property Taxes

1%

$24

Home Insurance

4%

$68

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$100

Maintenance

5%

$84

Other

0%

$0

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