REI Lense

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$1,561 (target)

8903 Shellflower Dr, Southaven, MS 38671

3 beds • 2 baths • 1960 sqft

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This property looks like a bad Long-Term investment with a projected -13.63% first-year return on $58,800 initial cash invested.

-13.63%

Cash On Cash

4.09%

Cap Rate

0.62

DSCR

$1,561

Rent

-$668

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,561 income − $2,229 expenses = $668 out of pocket

Income$1,561Out of Pocket$668Mortgage P&I$1,54499%Property Taxes$18112%Insurance$986%Management$15610%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,561

Total Expenses

$2,229

Mortgage P&I

99%

$1,544

Property Taxes

12%

$181

Home Insurance

6%

$98

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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