REI Lense

REI Lense

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$1,406 (target)

817 Main St, Corinth, MS 38834

3 beds • 2 baths • 1864 sqft

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This property looks like a bad Long-Term investment with a projected -7.54% first-year return on $44,877 initial cash invested.

-7.54%

Cash On Cash

5.02%

Cap Rate

0.81

DSCR

$1,406

Rent

-$282

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,406 income − $1,688 expenses = $282 out of pocket

Income$1,406Out of Pocket$282Mortgage P&I$1,10679%Property Taxes$1269%Insurance$916%Management$14110%CapEx$705%Vacancy$846%Maintenance$705%

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,877

Downpayment

20%

$42,740

Closing costs

1%

$2,137

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,406

Total Expenses

$1,688

Mortgage P&I

79%

$1,106

Property Taxes

9%

$126

Home Insurance

6%

$91

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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