REI Lense

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$2,961 (target)

1 Red Lick Cemetery Rd, Texarkana, TX 75503

3 beds • 2 baths • 2108 sqft

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This property looks like a bad Mid-Term investment with a projected -5.66% first-year return on $96,750 initial cash invested.

-5.66%

Cash On Cash

4.96%

Cap Rate

0.82

DSCR

$2,961

Rent

-$456

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,961 income − $3,417 expenses = $456 out of pocket

Income$2,961Out of Pocket$456Mortgage P&I$1,88964%Property Taxes$39113%Insurance$1314%Management$35512%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32611%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,961

Total Expenses

$3,417

Mortgage P&I

64%

$1,889

Property Taxes

13%

$391

Home Insurance

4%

$131

HOA

0%

$0

Property Management

12%

$355

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$326

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