REI Lense

REI Lense

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$1,680 (target)

1007 Mitchell Ln, Burleson, TX 76028

3 beds • 2 baths • 1261 sqft

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This property looks like a bad Long-Term investment with a projected -8.41% first-year return on $42,945 initial cash invested.

-8.41%

Cash On Cash

4.98%

Cap Rate

0.8

DSCR

$1,680

Rent

-$301

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,680 income − $1,981 expenses = $301 out of pocket

Income$1,680Out of Pocket$301Mortgage P&I$1,06563%Property Taxes$40724%Insurance$724%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$205k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,945

Downpayment

20%

$40,900

Closing costs

1%

$2,045

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,680

Total Expenses

$1,981

Mortgage P&I

63%

$1,065

Property Taxes

24%

$407

Home Insurance

4%

$72

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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