REI Lense

REI Lense

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$1,663 (target)

100 E Iris Ave, Mcallen, TX 78501

3 beds • 3 baths • 2021 sqft

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This property looks like a bad Long-Term investment with a projected -15.57% first-year return on $67,200 initial cash invested.

-15.57%

Cash On Cash

2.98%

Cap Rate

0.5

DSCR

$1,663

Rent

-$872

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,663 income − $2,535 expenses = $872 out of pocket

Income$1,663Out of Pocket$872Mortgage P&I$1,58495%Property Taxes$40724%Insurance$1127%Management$16610%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,663

Total Expenses

$2,535

Mortgage P&I

95%

$1,584

Property Taxes

24%

$407

Home Insurance

7%

$112

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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