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$2,332 (target)

8016 Ridgecrest Cir, Biloxi, MS 39532

3 beds • 2 baths • 1214 sqft

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This property might be a fair Mid-Term investment with a projected 7.73% first-year return on $57,900 initial cash invested.

7.73%

Cash On Cash

9.25%

Cap Rate

1.47

DSCR

$2,332

Rent

$373

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,332 income − $1,959 expenses = $373 cash flow

Income$2,332Mortgage P&I$99843%Property Taxes$984%Insurance$703%Management$28012%CapEx$934%Vacancy$703%Maintenance$934%Other$25711%Cash Flow$373

Investment Breakdown

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Purchase Price

$190k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,900

Downpayment

20%

$38,000

Closing costs

1%

$1,900

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,332

Total Expenses

$1,959

Mortgage P&I

43%

$998

Property Taxes

4%

$98

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$280

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$257

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