REI Lense

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$4,750 (target)

1004 Edgefield Ln, Forney, TX 75126

3 beds • 3 baths • 2416 sqft

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This property might be a fair Mid-Term investment with a projected 9.01% first-year return on $90,576 initial cash invested.

9.01%

Cash On Cash

8.97%

Cap Rate

1.51

DSCR

$4,750

Rent

$680

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,750 income − $4,070 expenses = $680 cash flow

Income$4,750Mortgage P&I$1,71336%Property Taxes$55612%Insurance$1223%HOA$651%Management$57012%CapEx$1904%Vacancy$1423%Maintenance$1904%Other$52211%Cash Flow$680

Investment Breakdown

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Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,576

Downpayment

20%

$69,120

Closing costs

1%

$3,456

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,750

Total Expenses

$4,070

Mortgage P&I

36%

$1,713

Property Taxes

12%

$556

Home Insurance

3%

$122

HOA

1%

$65

Property Management

12%

$570

CapEx

4%

$190

Vacancy

3%

$142

Maintenance

4%

$190

Other

11%

$522

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