REI Lense

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$3,228 (target)

9308 Alcove Ln, Ocean Springs, MS 39564

3 beds • 2 baths • 2258 sqft

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This property looks like a bad Mid-Term investment with a projected -8.68% first-year return on $111k initial cash invested.

-8.68%

Cash On Cash

4.79%

Cap Rate

0.72

DSCR

$3,228

Rent

-$806

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,228 income − $4,034 expenses = $806 out of pocket

Income$3,228Out of Pocket$806Mortgage P&I$2,45476%Property Taxes$2989%Insurance$1565%HOA$291%Management$38712%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%

Investment Breakdown

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Purchase Price

$445k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$89,000

Closing costs

1%

$4,450

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,228

Total Expenses

$4,034

Mortgage P&I

76%

$2,454

Property Taxes

9%

$298

Home Insurance

5%

$156

HOA

1%

$29

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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