REI Lense

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$1,698 (target)

928 Longo St, Waveland, MS 39576

3 beds • 2 baths • 1526 sqft

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This property looks like a bad Long-Term investment with a projected -3.81% first-year return on $47,271 initial cash invested.

-3.81%

Cash On Cash

5.8%

Cap Rate

0.94

DSCR

$1,698

Rent

-$150

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,698 income − $1,848 expenses = $150 out of pocket

Income$1,698Out of Pocket$150Mortgage P&I$1,15368%Property Taxes$1509%Insurance$1036%Management$17010%CapEx$855%Vacancy$1026%Maintenance$855%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,271

Downpayment

20%

$45,020

Closing costs

1%

$2,251

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,698

Total Expenses

$1,848

Mortgage P&I

68%

$1,153

Property Taxes

9%

$150

Home Insurance

6%

$103

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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